XRP (XRP)

XRP is the native cryptocurrency of the XRP Ledger, a decentralized blockchain designed to enable fast, low-cost, and efficient cross-border payments. Launched in 2012 by Ripple Labs, XRP aims to provide a bridge currency for financial institutions, reducing reliance on traditional banking systems and intermediaries. Unlike many cryptocurrencies, XRP does not require mining; its total supply was pre-minted at 100 billion tokens, with a portion distributed by Ripple to promote network adoption. Transactions on the XRP Ledger are processed in seconds, making it one of the fastest and most scalable blockchain networks. Known for its focus on payment solutions, XRP continues to play a significant role in revolutionizing global financial systems and facilitating seamless digital asset transfers.