Definition ∞ XRP Token is a digital asset native to the XRP Ledger, a decentralized public blockchain. It is primarily designed to facilitate fast, low-cost international payments and remittances. XRP serves as a bridge currency, enabling efficient value transfer across different fiat currencies and other digital assets. Its utility lies in its ability to provide rapid settlement and reduce transaction friction for cross-border transactions.
Context ∞ The XRP Token has been a central subject of regulatory debate, particularly concerning its classification as a security by the U.S. Securities and Exchange Commission. This ongoing legal dispute significantly impacts its market perception and adoption by financial institutions. Despite these challenges, the XRP Ledger continues to pursue partnerships aimed at enhancing global payment infrastructure.
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