XRP / Ripple
A cryptocurrency and payment network designed for fast, low-cost international transactions.
XRP is the digital currency used on the Ripple network,
a blockchain system built to enable fast, low-cost international payments.
Unlike Bitcoin, which focuses on decentralization, Ripple focuses on speed, liquidity, and global bank adoption.
Why it matters
- XRP transactions settle in 3–5 seconds
- Fees are a fraction of a cent — ideal for cross-border transfers
- Ripple works with banks and financial institutions to modernize payments
How it works
RippleNet connects banks using a common protocol (ISO 20022)
while XRP acts as a bridge asset between different currencies.
💡 Lanzo Tip
Use XRP for fast global transfers or testing blockchain payments —
but always include the Destination Tag when sending to exchanges.