$XRP is the native digital currency of the XRP Ledger (XRPL), a blockchain launched in 2012 by developers aiming to create a fast, efficient payment-optimized network. Wikipedia+2XRP Authority+2
Unlike many cryptocurrencies, XRP was pre-mined — a total of 100 billion XRP were created at launch. XRP Authority+2Cube Exchange+2
Because of this design, XRP cannot be mined or staked; instead the existing supply can gradually circulate. CoinCodex+2Holy City Sinner+2
⚙️ What it's used for — Key Features & Utilities
Fast & Low-cost transfers: Transactions on XRPL settle in just 3–5 seconds, with very low fees — making XRP useful for quick transfers and payments. Holy City Sinner+2Coinbase+2
Bridge currency for cross-border payments: Many use XRP to bridge between different fiat currencies — helpful for remittances and international transfers without needing pre-funded accounts in every currency. Northcrypto+1
Built-in exchange & tokenization capabilities: XRPL supports decentralized exchange functionality, token creation, and (in some versions) features like NFTs or asset exchange — making XRP more than “just a coin.”
