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XRP is the native digital asset of the RippleNet blockchain ecosystem, a decentralized platform specializing in real-time global payments and currency exchange. Unlike traditional banking systems that rely on slow, multi-layered intermediaries, Ripple leverages XRP as a bridge currency to facilitate instant, low-cost cross-border transactions. Financial institutions use XRP to improve liquidity and settlement efficiency, reducing transfer times from days to seconds while minimizing fees. By eliminating the need for pre-funded nostro accounts, Ripple's technology streamlines international remittances, making it a preferred solution for banks and payment providers worldwide.

Updated:2025-03-31

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