PyPy is an implementation of the Python language written in RPython, a restricted subset of Python. It includes a just-in-time compiler that can provide significant performance improvements over CPython for certain workloads. The author benchmarked several of their workflows and found that PyPy was 2-4x faster for some tasks like CSV to XML conversion, but up to 4x slower for others like simple CSV parsing. Overall, PyPy satisfies most criteria for production readiness and supports the key Python modules used by the author's projects, making it a viable alternative to CPython for improving performance.