XRP
Bonus details
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XRP is a digital currency created by Ripple Labs in 2012, designed to facilitate fast and cost-effective cross-border payments. Unlike traditional cryptocurrencies, XRP is not mined; instead, all tokens were pre-mined, with a total supply of 100 billion coins. XRP aims to provide liquidity for financial institutions and enable real-time international transactions, significantly reducing the time and cost associated with traditional banking systems. Its underlying technology, the RippleNet network, connects banks and payment providers, allowing for seamless transfers globally. Is often used as a bridge currency in transactions, enhancing the efficiency of cross-border payments.