$XRP is a cryptocurrency designed to facilitate fast, secure, and low-cost international payments.

Unlike other cryptocurrencies that focus on complete decentralization, Ripple has collaborated with many financial institutions to create an efficient payment network, enabling cross-border transactions in seconds.

Ripple is primarily used to provide on-demand liquidity and transfer funds, characterized by its integration with banks and companies, offering a hybrid solution between the world of traditional finance and Blockchain technology.