How long does a transaction take on the XRPL, and what are the fees?

[johnblockbuster]

Transactions settle in 3–5 seconds on average. Fees are extremely low—typically fractions of a cent—making XRPL ideal for micropayments and global remittances. #XRPL #CryptoPayments

[Rimon Khan]

XRPL transactions usually finalize in 3–5 seconds.

[Nahid Hossen]

Fees are extremely low, often less than a fraction of a cent.