XRP ( ), created by Ripple Labs, is a cryptocurrency designed to streamline cross-border payments, offering a faster and cheaper alternative to traditional systems like SWIFT. Operating on the XRP Ledger (XRPL), a decentralized blockchain, XRP enables transactions to settle in 3 to 5 seconds with fees as low as $0.0002. This efficiency has attracted partnerships with major players like Santander ( ) and Bank of America ( ), positioning XRP as a practical tool for global remittances, with $10.3 billion in recent daily trading volume.