XRP is a digital currency created by the company Ripple to facilitate fast and low-cost international money transfers. Unlike traditional banking systems, which can take days to process cross-border transactions, XRP allows for near-instant transfers, making it an attractive option for banks and financial institutions. One of the key features of XRP is its ability to act as a bridge currency, meaning it can be used to convert one currency to another without the need for a direct exchange. This helps reduce costs and improve efficiency in global payments, making it a valuable tool in the evolving world of finance.