XRP is a digital currency created by Ripple Labs, designed to facilitate fast and low-cost cross-border payments. Launched in 2012, XRP operates on a decentralized blockchain that allows for seamless transactions between different currencies, making it an attractive option for banks and financial institutions. Unlike traditional cryptocurrencies, XRP does not rely on mining, resulting in quicker transaction times and lower energy consumption. Its growing adoption by various online merchants, including casinos, enables users to make swift deposits and withdrawals. With its focus on efficiency and scalability, XRP is positioned as a significant player in the evolving landscape of digital finance.