XRP - Page 24

XRP is a digital asset and cryptocurrency created by the technology company Ripple Labs Inc. It is designed to facilitate fast and cost-effective cross-border money transfers. Unlike many cryptocurrencies that are mined, XRP was pre-mined, with a significant amount of the total supply held by Ripple Labs. XRP functions primarily as a bridge currency, allowing for the transfer of value between different fiat currencies in real-time, aiming to improve the efficiency of international payment systems. It operates on a decentralized ledger technology called the XRP Ledger, which is capable of handling a high volume of transactions in a secure and swift manner.