What is $XRP
XRP is the native cryptocurrency of Ripple, a cryptocurrency payment system created by Ripple Labs Inc. XRP is a “digital asset designed for global payments,” implying that Ripple plans to compete with remittances typically handled by the banking system. XRP will allow users to send money at a very low cost, potentially attracting interest from both retail and banking customers. One of Ripple’s key value propositions is its low transaction costs, with a final transaction time of less than five seconds.
