$XRP XRP is a cryptocurrency owned by Ripple Labs, and was launched in 2012. XRP aims to improve the international payments system by providing a fast and efficient way to settle transactions between banks and financial institutions. Here is some basic information about XRP:

### Key Features of XRP

- **Speed**: XRP is characterized by its fast transaction processing speed, as transfers can be completed in just 4 seconds, making it much faster than traditional transfer systems such as SWIFT, which can take days [[2].

- **Low Fees**: XRP transaction fees are very low, at around 0.00001 XRP, making it an economical option for institutions [[2].

- **Non-minable**: Unlike many other cryptocurrencies, XRP cannot be mined. Its total supply is set at 100 billion units, and it was issued in advance [[2]](https:// [[3]](