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XRP is a cryptocurrency developed by Ripple Labs, designed for fast and cost-effective cross-border payments. It operates on the XRP Ledger (XRPL), a decentralized blockchain that enables quick transactions, typically settling in 3-5 seconds with low fees.
Unlike Bitcoin and Ethereum, XRP doesn’t rely on mining; instead, transactions are validated through a consensus mechanism. Ripple uses XRP to facilitate liquidity in international money transfers, partnering with financial institutions to improve the efficiency of global payments.
Do you want to know about XRP's current price, its potential future, or something else?