XRP is a digital asset that has been created primarily to build a fast and low-cost global payment system. While other coins take time for block confirmation, XRP transfers are completed in just 3–5 seconds. Behind this is RippleNet—a global network that brings banks and financial institutions onto the same platform to ensure quick transactions.

The reason XRP is currently the most talked about is that it has revolutionized the cross-border payment sector. In the conventional SWIFT system, transactions take 2–3 days, whereas money can be sent instantly via XRP. Additionally, transaction fees are extremely low, which could make it widely popular in the future.

According to market analysts, banks are gradually leaning towards blockchain, and in that journey, XRP is one of the strongest competitors. In the future, the global payment system will be digitized with XRP.