A digital payment protocol and cryptocurrency designed for fast, low-cost international money transfers. XRP is used as a bridge currency on the RippleNet network to facilitate cross-border transactions between different fiat currencies.
Example
“A bank in Japan uses Ripple's On-Demand Liquidity service with XRP as a bridge to send $1 million to a partner bank in Mexico in under 5 seconds, avoiding the delays of traditional SWIFT transfers.”