$XRP ($XRP) is the native digital asset designed to operate in the RippleNet payment settlement system. Its main objective is to provide a faster, more efficient, and significantly cheaper solution for cross-border payments compared to traditional methods like SWIFT. Unlike traditional blockchains based on Proof of Work or Proof of Stake, RippleNet uses a unique consensus algorithm based on the trust of validators. This allows transactions to be confirmed in just a few seconds, a crucial speed for financial institutions and global money transfers. Although its development and use have been marked by regulatory challenges in the United States, the underlying technology of XRP remains one of the fastest for value settlement, offering banks and payment providers an on-demand liquidity alternative to move capital internationally without the need for pre-funded nostro/vostro accounts. Its value proposition focuses on global interbank efficiency.
XRP
2.0932
-3.61%