XRP provides a blockchain-based solution for global payments in real-time such as remittances, SME payments, disbursements and treasury flows.

Decentralized Finance (DeFi) combines all kind of financial applications, from storing or sending cryptocurrencies, to borowing, earning of interest and making investments without a bank. With zero-to-negative interest rates and a lack of transparency in the traditional financial system, they are an attractive alternative.

Payment refers to the amount of money paid to someone for something. While all cryptocurrencies are basically a form of payment, we are only focusing on its application in the real world - that is, as an alternative solution to payment service providers such as VISA or Paypal.