<h1>Ripple's XRP: Fast, Low-Cost Cryptocurrency Processing 1,500 Transactions Per Second with $0.0002 Fees</h1> XRP is a cryptocurrency and native asset of the XRP Ledger, developed by Ripple Labs. Unlike Bitcoin, it processes transactions in 3-5 seconds versus Bitcoin's 10 minutes, with fees of $0.0002 compared to Bitcoin's $0.50. XRP handles 1,500 transactions per second versus Bitcoin's 3 TPS and uses an energy-efficient consensus mechanism. The digital asset serves financial institutions for cross-border payments and offers individuals low-cost global transfers. It trades on over 100 markets globally and is used for arbitrage, margin calls, and collateral management. Of the fixed 100 billion XRP supply, approximately 38 billion remain in escrow as of October 2024.