@timoze 
XRP is the native cryptocurrency of the XRP Ledger (XRPL), a decentralized, open-source blockchain designed to facilitate fast and cost-effective cross-border payments.

Cross-Border Payments: XRP is used by banks and payment providers to facilitate instant international payments.
Micropayments: Due to its low fees and fast processing, XRP is suitable for use cases like content monetization or microtransactions.
Decentralized Finance (DeFi): XRP Ledger supports tokenization and smart contracts, enabling DeFi applications.
Supply and Distribution:
The total supply of XRP is capped at 100 billion coins, with a significant portion held by Ripple Labs.
Unlike Bitcoin, XRP was pre-mined, meaning all the coins were created at inception.
Controversies and Challenges:
Regulatory Issues: Ripple Labs has faced legal challenges, most notably from the U.S. Securities and Exchange Commission (SEC), which claims XRP is a security rather than a currency. This lawsuit has caused price volatility and uncertainty.