Typically, the fees associated with XRP transfers are negligible, at fractions of a penny, and transactions are cleared within a few seconds or less. That makes it considerably faster and cheaper than Bitcoin, as well as other blockchains like Ethereum.

XRP, the popular altcoin used to facilitate transactions on Ripple’s payment platform, fell 4.9% to $2.31—far off a high of $3.4 in mid-January. There are several reasons why crypto is losing steam. Volumes are low and market sentiment is taking a hit as Trump’s hasn’t yet lived up to promise to create a strategic reserve of Bitcoin.