XRP Ledger

The system is notable for its focus on serving financial institutions and its consensus mechanism, which does not rely on the energy-intensive proof-of-work model used by Bitcoin. This has positioned XRP as a significant player in the enterprise blockchain space, aiming to improve the efficiency of global money transfers.

Recently, XRP has been a prominent subject in financial news due to developments in its investment landscape. The debut of new exchange-traded funds (ETFs) tracking XRP has drawn significant attention, with comparisons being made to the launch of other cryptocurrency funds. Furthermore, while major cryptocurrencies like Bitcoin and Ethereum have experienced substantial market outflows, investment products for XRP have, according to recent reports, been part of a smaller group bucking this trend by attracting inflows.