XRP and the Ripple network have been unique contenders in the cryptocurrency space since their inception. Notably, XRP differentiates itself by focusing on seamless international transactions, particularly targeting the banking and financial sector. Its primary goal is to become the standard for digital transfers of value across borders.
Its consensus algorithm, the Ripple Protocol consensus algorithm (RPCA), allows for fast transaction times of around 3-5 seconds, a significant improvement over Bitcoin or Ethereum's speeds. Also, the transaction fees are nearly negligible, making it an attractive proposition for frequent and high-volume transactions.
Ripple's success is also dependent on partnerships with financial institutions in my opinion 🤷♂️ Show Less
