XRP

Definition ∞ XRP is the native digital asset of the XRP Ledger, a decentralized, permissionless blockchain technology designed for global payments. It functions as a bridge currency, facilitating rapid and low-cost cross-border transactions. XRP Ledger’s consensus protocol allows for swift transaction finality, differentiating it from many other blockchain networks.
Context ∞ News regarding XRP is frequently dominated by its ongoing legal proceedings with regulatory bodies, particularly the U.S. Securities and Exchange Commission (SEC), concerning its classification as a security. The outcome of these legal battles significantly influences XRP’s market perception, trading accessibility, and its potential for broader integration into the financial system.