#TariffsPause XRP is a digital asset developed by Ripple Labs to facilitate fast and cost-effective international money transfers. Unlike many cryptocurrencies, XRP doesn't rely on traditional mining; instead, it uses a consensus ledger managed by a network of validators. This design enables transactions to settle in seconds with minimal fees, making it attractive for financial institutions. XRP also plays a central role in Ripple’s On-Demand Liquidity (ODL) service, which helps banks and payment providers access liquidity instantly. Despite facing regulatory scrutiny, including a high-profile SEC lawsuit, XRP remains one of the top cryptocurrencies by market capitalization and continues to gain adoption globally.