Ripple XRP

Ripple is a payment platform and a cryptocurrency that aims to facilitate fast, secure, and low-cost global transactions. Ripple is built upon a distributed open-source protocol and supports tokens representing fiat currency, cryptocurrency, commodities, or other units of value.
Ripple leverages XRP in its products and is one of many players building on the XRP Ledger. David Schwartz, Jed McCaleb and Arthur Britto launched XRP Ledger and its native currency XRP in 2012. The XRP Ledger features extremely low transaction fees (around $0.0002), fast settlement times of 3–5 seconds, high scalability with support for up to 1,500 transactions per second, and eco-friendly performance as a carbon-neutral, energy-efficient network.
Ripple’s platform uses a novel consensus mechanism, via a group of bank-owned servers, to confirm transactions, which does not use a blockchain to confirm transactions, which is completely different from major cryptocurrencies such as Bitcoin and Ethereum. Ripple launched its own consensus algorithm: the Ripple protocol consensus algorithm (RPCA). With this algorithm, a transaction must achieve the "nodding" of all nodes before it can be completed. If any node disagrees, nothing will happen until the problem is resolved.
Using the Ripple platform, you will have access to a fast and cheap transaction system that can handle up to 1,500 transactions per second, compared to Bitcoin’s 7 transactions per second. Ripple’s transactions also have a confirmation time of about 4 seconds, compared to Bitcoin’s 10 minutes.
Ripple’s platform also uses a native cryptocurrency, XRP, to enhance payment capabilities and international transfers. XRP is the fourth-largest cryptocurrency by market capitalization, after Bitcoin, Ethereum, and Binance Coin.