XRP is a digital asset developed by Ripple Labs, designed for fast, low-cost international payments. It aims to offer a more efficient alternative to...
XRP is a digital asset native to the XRP Ledger, an open-source blockchain. It was created by Ripple Labs to facilitate fast, low-cost global payments and liquidity for financial institutions.
Ripple is the company that developed XRP and the XRP Ledger. XRP is the independent cryptocurrency itself. Ripple utilizes XRP in some of its payment solutions, but they are distinct entities.
XRP is primarily used for cross-border payments, enabling rapid and inexpensive international money transfers. It also serves as a bridge currency for financial institutions seeking to source liquidity on demand.
The U.S. SEC filed a lawsuit against Ripple, alleging XRP is an unregistered security. The case's outcome significantly impacts XRP's regulatory classification and its adoption prospects within the United States.