Most cryptocurrencies out there make you scratch your head and wonder, "what's the point of this?" But Ripple (CRYPTO: XRP) aims to be something of value in a sea of scammy and silly tokens.

Launched in 2012 by Opencoin (now called Ripple Labs), Ripple operates a blockchain ledger, with its native token XRP, that allows financial institutions to make fast and cheap cross-border transactions.

Despite its interesting ambitions, this payments-focused cryptocurrency is currently sitting 83% below its all-time high, even though it has soared 90% in 2023.

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Source Fool.com