XRP is a cryptocurrency designed to enable fast and cost-effective cross-border transactions, primarily for banks and financial institutions. Developed on the XRP Ledger, it employs the Ripple Consensus Algorithm, allowing transactions to be validated without mining. This results in transaction times of 3-5 seconds, processing 1,500 transactions per second, making it significantly faster and cheaper than traditional systems. Launched in 2012, XRP has a maximum supply of 100 billion coins and has recently faced a legal battle with the U.S. SEC regarding its status as a security. In July 2023, a judge ruled that XRP is not a security for general sales, while institutional sales still fall under this classification. As of August 2025, both parties settled their dispute, concluding the case. XRP acts as a bridge currency in transactions, linking fiat currencies and cryptocurrencies, and remains crucial in Ripple's payment solutions. Various cryptocurrency exchanges and wallets support XRP, and its future looks promising as interest in regulated investment products, like exchange-traded funds (ETFs), grows.

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