# XRP

By [Bnader](https://paragraph.com/@suliban) · 2023-04-12

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XRP is the native cryptocurrency of the Ripple network, a real-time gross settlement system that enables near-instant, low-cost global payments. XRP is designed to be used as a bridge currency for cross-border payments, providing a faster and cheaper alternative to traditional payment methods. Ripple has partnerships with major financial institutions, including Santander, American Express, and Standard Chartered, which use XRP for their payment services. XRP has been the subject of controversy due to a lawsuit by the U.S.

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*Originally published on [Bnader](https://paragraph.com/@suliban/xrp)*