#XRP Ripple and its advantages.
XRP is Ripple's cryptocurrency token, which is used to transfer funds across borders at a low cost — trustlessly and instantly. Its primary use is to serve as a bridge currency to offer financial institutions a more cost-effective way to exchange both crypto and fiat currencies.
According to Ripple CTO Stefan Thomas, XRP is quicker and cheaper at fractions of a penny and about three seconds faster per transaction compared to other digital assets.
XRP also offers other advantages: using XRP, banks can source liquidity on-demand in real-time without having to pre-fund nostro accounts.
