XRP - Page 2

XRP is a digital currency and a native token of the Ripple network, which is designed to facilitate secure and instant cross-border payments. It was created by Ripple Labs Inc. and aims to provide a more efficient alternative to traditional banking systems and remittance services. XRP operates on a decentralized, open-source blockchain technology, enabling transactions among different currencies with minimal fees and quick settlement times. Unlike many cryptocurrencies that are mined, XRP was pre-mined and has a fixed supply, making it unique in its distribution mechanism. The currency is often used by financial institutions to bridge currency exchanges and streamline international transactions, fostering liquidity and reducing settlement times.