#CryptoFees101

XRP is a digital currency developed by Ripple Labs, aimed at facilitating financial transfers between banks and financial institutions quickly and efficiently. XRP is characterized by the speed of transaction execution and its low costs compared to other digital currencies such as Bitcoin. The Ripple network uses a distributed ledger system that allows payments to be settled in a matter of seconds, making it an ideal solution for international transfers. XRP does not rely on mining, contributing to reduced energy consumption. XRP is considered a bridge between different currencies, enhancing its liquidity and increasing its adoption in the global financial system.