XRP is a cryptocurrency designed specifically for facilitating fast and cheap cross-border transactions. Here's a breakdown of XRP:

**What it is:**

* XRP is the native digital currency of Ripple, a blockchain-based payment network company. 
* Unlike Bitcoin, XRP isn't mined but pre-mined and held in reserve by Ripple.

**What it does:**

* XRP acts as a bridge currency between different fiat currencies and cryptocurrencies. 
* During a cross-border transaction, the sender's currency is converted to XRP, which is then transferred to the recipient, who can convert it back to their desired currency. 
* This process aims to be faster and cheaper compared to traditional international payments.

**Benefits of XRP:**

* **Faster Transactions:** XRP transactions are confirmed in seconds, significantly faster than Bitcoin's transaction times.
* **Lower Fees:**  XRP transactions incur minimal fees compared to traditional bank transfers or other cryptocurrencies.
* **Scalability:** The Ripple network can handle a high volume of transactions efficiently.

**Things to Consider:**

* **Centralization:** Unlike some cryptocurrencies, XRP isn't completely decentralized. Ripple controls a significant portion of the XRP supply, which raises concerns for some investors.
* **Adoption:** While Ripple has partnerships with financial institutions, widespread adoption of XRP for mainstream transactions is still evolving.
* **Volatility:**  The value of XRP fluctuates, just like other cryptocurrencies.

**Overall:**

XRP offers a potential solution for faster and cheaper international payments. However, its long-term success hinges on factors like wider adoption and its ability to navigate the regulatory landscape surrounding cryptocurrencies.
  
**Resources to Learn More:**

* Ripple Website: [https://ripple.com/](https://ripple.com/) 
* Investopedia - What is XRP? [https://www.investopedia.com/what-is-xrp-6362550](https://www.investopedia.com/what-is-xrp-6362550)
* Cointelegraph - What is Ripple: [https://cointelegraph.com/tags/ripple](https://cointelegraph.com/tags/ripple)