Payment System Tokens : XRP, Stellar and Nano

Coins and tokens are two very popular words you will surely stumble on among others like ICO, IEO, exchange when you read about the crypto ecosystem. It is vital to understand that there are different kinds of tokens you can buy. There are utility tokens, security tokens, and currency tokens. Anyone very serious about managing their crypto portfolio should first try to know how the different digital coins and tokens behave in the market and how are they grouped or classified. To help you gain an understanding of the token payment methods, three major payment system tokens will be discussed in this article.

More about payment system tokens

As already mentioned, there are various categorizations of tokens that all investors should know about before making any investment decisions. Typically, payment system tokens possess no further purpose besides facilitating swift transactions. They are built to enable sales, purchases, and other financial related transactions, including offering various functions that fiat currencies like Euro, Dollar and Yen offers. A few among these payments tokens are discussed below.

XRP (Ripple)

A good example of a token payment method is Ripple. It is created on an open-source protocol and it is a currency and a commodity at the same time. The developers claim that the coin will allow secure, fast, and almost free worldwide financial deals of any magnitude without any chargeback issues. September last year (2018) until now, it is regarded as the number 3 top coin after Ethereum by market capitalization. It has been taken up by many bank and payment systems as their S.I.T (Settlement Infrastructure Technology).

The digital currency enables speedy, reliable and inexpensive global payments that offer payment providers and banks an on-demand and dependable liquidity source for world payments. Ripple is growing fast with continuous onboarding of financial institutions.

XLM (Stellar)

Stellar or XLM is a blockchain-based distribution network that allows cross-asset transmission of payments. The network is based on an open-source protocol and is distributed to allow the transfer of various currencies. Apart from Lumens, the other tokens can be produced on the Stellar network, just like on the Ethereum network. Stellar’s aim is to become the primary settlement system of the worldwide remittance industry.


Nano is a cryptocurrency that is designed to offer speedy deals, a high level of scalability, and zero fees. Originally, it was called RaiBlocks. It utilizes a blend of guided acyclic graph system and blockchain. Under the payment system, all accounts are assigned a personal blockchain. The objective is to offer an effective alternative to fiat currencies. The developers of Nano guarantee several benefits, like instant payments, and limitless scalability over other currency payment options. The advantages they promised over other payment systems make the digital currency a worthy option for micropayments and peer-to-peer transactions.

The uniqueness of Nano over other digital payment systems is the blend of blockchain technology plus DAG; a configuration that perceives one person’s transaction connected directly to another instead of packed together in blocks (Like BTC).


The cryptocurrency era brings in a new way of managing our financials. With the introduction of payment system tokens, online payments have become easy, convenient, and secure. These three tokens: XRP, Nano, and Stellar are positioned as influencers and tech powerhouses over other payment option systems such as PayPal, Visa, Mastercard. The outlook for these coins is indeed very bright!

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