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What xrp do?

Answers (1)

Arsalan Afzal
Feb 11, 2022 15:28:05

XRP is a cryptocurrency and payment network created by Ripple. It's designed to facilitate international money transfers by acting as a bridge between different currencies. For example, if I wanted to send money from the US to Japan, I could convert my dollars into xrp on an exchange, send the xrp to someone in Japan, and they could convert it back into yen. This would avoid the need for a third party like Western Union or PayPal to mediate the transaction, which can often add fees and slow down the process. XRP is also intended to be used as a form of payment on platforms like RippleNet.

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