XRP is the native cryptocurrency of the XRP Ledger. XRP is a digital asset
built for global payments. It facilitates cross-border payments by acting as a bridge between different currencies.
It is best known for its use transferring assets on the Ripple network.
The XRP Ledger works through a unique consensus algorithm which uses a network of validating servers, rather than "proof of work" or "proof of stake". The transaction speeds are faster. An XRP transaction confirmation takes an average of 3 - 5 seconds to complete – significantly faster than other cryptocurrencies or today’s traditional financial networks.