Why is it such a hassle to send money to family and friends overseas? You have to stand in line at the bank, fill out forms, dig up all kinds of proof documents, wait three to five days for the funds to arrive, and pay ridiculously high fees—the traditional cross-border remittance experience basically discourages ordinary people from even trying.

But there’s actually a much simpler way now. Lorenzo Protocol’s on-chain payment feature lets individual users bypass all those complicated steps. No need to visit a bank branch, no need to prepare a pile of documents—you can do everything on your phone in just five minutes, and the fees are only a few bucks. Let’s break down exactly how it works, so even newcomers can follow along.

**Getting started is easy**: Download a mainstream Web3-compatible wallet (, like the wallet from a major exchange ), and prepare a small amount of BANK tokens—these are used to pay on-chain transaction fees. Around 0.1 to 0.5 U is enough, which is just a few RMB.

**Step one:** Open the wallet’s “Discover” page, search for Lorenzo Protocol, and enter the official payment portal. Make sure you look for the official verification badge—don’t click on fake links. Once inside, you’ll see three features: cross-border transfer, exchange rate inquiry, and transaction records. We’ll mainly use the first one.

**Step two:** Select the transfer direction and currency. Click “Cross-Border Transfer,” and you’ll see options for “Send Currency” and “Receive Currency.” Suppose you want to convert RMB to USD and send it to a friend in the US—choose “Send CNY” and “Receive USD.” The system will display the exchange rate in real time, which is way more transparent than banks.

The next steps are to enter the amount, fill in the recipient’s address, and confirm the transaction. The whole process doesn’t require identity verification and won’t get stuck by the usual restrictions of traditional channels. On-chain confirmation usually takes just a few minutes, and the recipient gets stablecoins or fiat, which they can withdraw and use anytime.

The main advantage of this method is cutting out the middlemen. There are no banks taking a cut, no complicated approval processes—just direct peer-to-peer transfer between you and the recipient. Of course, make sure you understand your local compliance requirements before using it; don’t ignore risks just because it’s convenient.