XRP is a cryptocurrency and the native token of Ripple, a blockchain-based digital payment network and protocol that uses its own cryptocurrency. Ripples main focus is as a payment settlement asset exchange and remittance. XRP primarily enhances global financial transfers and the exchange of several currencies. It is pre-mined and has a total supply of 100 billion tokens. XRP is more cost-effective, has faster transaction times, and is less energy-intensive than Bitcoin. Ripple uses XRP and XRP Ledger to facilitate transactions on its network. XRP powers innovative technology transforming the global financial services space. Financial institutions use XRP to bridge two currencies to facilitate faster, more affordable cross-border transactions around the world. XRP transaction fees cost $0.0002 per transaction on average. The XRP Ledger technology can handle 3,400 transactions per second. Ripple is the company behind XRP, and it’s a payment settlement system and currency exchange network that can process transactions globally. Ripple cites XRP as a faster, cheaper, and more energy-efficient digital asset that can process transactions within seconds and consume less energy than some counterpart cryptocurrencies. XRP is used as a payment solution by banks, governments, and institutions. Ripples primary use cases are cross-border payments, crypto liquidity, and CBDC.