XRP20 wallet

What is XRP20 (XRP20)?

The name is the first thing to be clear about. XRP20 is an ERC-20 token on Ethereum. It has no connection to XRP or its network, no bridge to it, and no claim on it - the ticker borrows the name, which is the whole of the relationship. If you were sent XRP20 expecting XRP, or you are looking at an XRP address wondering why the token is not there, that is the explanation.

Everything about holding it follows from being an ordinary Ethereum token. It lives at a contract address, it needs ETH in the same wallet to move, and the balance is visible only to a wallet that has the token added. There is also a burn mechanism written into transfers, which means a portion of buy and sell activity is routed to a burn address and the circulating count shrinks over time; this does not alter the number of tokens in your own balance.

The ticker collision is the practical risk. Tokens named after larger assets attract copies with the same symbol and different contracts, so what your wallet shows as "XRP20" is only as reliable as the contract behind it. Verify the contract when adding the token rather than trusting the symbol on screen.

Supported networks in Tangem (1): Ethereum. Tangem keeps each network's balance on its own line and names the network on the confirmation screen, so you can read where the transfer is headed before tapping the card against the phone - worth doing carefully with a token whose name points at a chain it does not live on. Storing it beside the ETH that pays its gas keeps the whole operation in one place.