XRP, the disruptive technology that will transform the world of cross-border payments.
8 min read
XRP native digital asset of the XRP Ledger (XRPL)
The XRP Ledger is the underlying blockchain technology for the native cryptocurrency XRP used on that ledger, an open-source cryptocurrency and decentralized platform. Ripple Labs is an American technology company that developed the XRP Ledger blockchain platform and the XRP cryptocurrency. XRP maximum supply is 100 billon tokens and currently around 58 billion XRP tokens are in circulation and the other portion of Ripple’s holdings is locked in escrow accounts and released periodically to ensure a stable XRP supply. But the XRP ledger itself is not owned or controlled by Ripple Labs.
XRP vs SWIFT (Worldwide Interbank Financial Telecommunication)
XRP was designed as a payment system for business purposes but the real goal, is to be positioned as the replacement to SWIFT in the realm of cross-border payments, offering faster, cheaper and more transparent transactions. In deed, XRP transactions, facilitated by the XRP Ledger are typically settled in seconds allowing for real-time currency conversions and involve significantly lower fees compared to the traditional correspondent banking fees associated with SWIFT. On top, XRP Ledger offers a transparent and publicly verifiable record of transactions, unlike the opaque nature of some aspects of the SWIFT system.
Actually, SWIFT facilitates the transfer of over $5 trillion daily through its network of over 11,000 financial institutions across more than 212 countries and recorded an average of 44.8 million financial messages daily in 2024. Each SWIFT transaction cost between $20 to $50 and take between 1 to 5 business to complete, while XRP transaction cost around $0.0002 and take only 3-5 second to complete. With the XRP’s disruptive technology, those 11000 financial institutions will save an average of 1,34 milliard per day and the phenomenal transaction capacity of the XRP system is without any doubt the ultima solution and it is already in operation.
XRP Ledger Partnership with GateHub
Actually, GateHub partnership with XRP Ledger, offers an easiest way on the XRP Ledger to transfer money between digital assets, including Bitcoin, Ethereum, Stablecoin (Fiat currency) like EUR, USD, GBP and NFT through its DEX. GateHub operates has a gateway and wallet provider within the Ripple network (mean XRPL) facilitating transactions and bring more assets management for users, enabling seamless value transfer between the XRPL and other supported networks such as SEPA, SWIFT, Bitcoin and Ethereum. In addition, this wallet is equipped with multiple security features: AES encryption, 2-factor authentication, push notifications, anti-phishing protection, lock account option etc.
NFT : Non-Fungible Token represent ownership of unique items, such as digital art, in-game items or real-world assets like real estate, commodities or other physical assets.
DEX: Decentralized Exchange allowing for peer-to-peer trading of these assets without a central intermediary.
Acctually the RippleNet network has more than 1,000 financials partners.
Here is some well know partners all arround the world that have partnership with the Ripple Network:
- Amazon Web Services: Provides cloud support for Ripple’s system
- Bank of America: A key partner is testing Ripple solutions to make payment systems better.
- MUFG Bank: One of Japan’s largest banks exploring Ripple’s technology.
- SBI Holding: A major financial services firm in Japan, is a significant partner of Ripple in Asia.
- Bisto: A major ODL partner in Latin America
- Deloitte: Provides guidance on Ripple’s blockchain solutions for digitaltransactions.
- IndusInd Bank: A bank in India using RippleNet.
- Itaú Unibanco: A Brazilian bank using RippleNet for improved payment systems.
- PNC Bank: A large US bank using Ripple’s technology for cross-border payments
- RAKBANK (UAE): A bank in the United Arab Emirates (UAE) using RippleNet.
- Santander: A major European bank using RippleNet for cross-border payments.
- Siam Commercial Bank: A Thailand bank utilizing Ripple’s technology.
- Saudi Central Bank: Adopts Ripple for international payments and RLUSD Stablecoin launched by Ripple
- Visa Debit Card: Visa has partnered with Coinbase to allow customers to spend XRP directly through Coinbase Visa debit cards. This is a direct integration of XRP into Visa’s network, enabling users to convert and spend their XRP holdings via Visa’s infrastructure. But on top, Visa has acquired about 4 Ripple partners within the last 6 years, EarthMoney, CurrencyCloud, DeeMoney and Novatti.
- Western Union: Uses Ripple to improve cross-border transactions.
Ripple’s RLUSD Stablecoin and GENIUS Act Approval in Senate
Although the GENIUS Act targets stablecoins, there’s another layer to this. Ripple has long argued that XRP is not a security, but rather a utility token used for real-time settlement. Now, with RLUSD operating under a regulated framework on the XRP Ledger, Ripple may finally have the case it needs and according to the latest development with the SEC, there will have certainly a final settlement in 2025. This law could set the precedent for broader digital asset classification.
Moreover, after receiving regulatory approval, Ripple’s RLUSB stablecoin had been launching the 17 November 2024, that offers a stable digital currency for use in transactions and trading is fully backed by US dollar reserves and short-term Treasuries, bank deposits and cash equivalents using a New York (NYDFS) trust charter. The 2025-06-17 U.S. Congress has passed the GENIUS Act, giving the green light to regulated dollar-backed stablecoins. While the law applies to the whole stablecoin market, early signs suggest it could be a big win for Ripple’s RLUSD and by extension, XRP. Just as an example, the Circle Internet Group stock who’s the owner of UDSC stablecoin soared 58% gain in only 2 days since the GENIUS Act have passed the Senate and more then 690% since their June 5 debut on the New York Stock Exchange (NYSE) at an initial public offering (IPO) price of $31.
After nearly five years of courtroom battles, the U.S. SEC (Securities and Exchange Commission) said it ended its case accusing Ripple Labs of selling unregistered securities.
The SEC’s assertion that Ripple have illegally sold XRP as an unregistered security. Ripple rejected the claim, arguing that XRP functions as a digital utility asset rather than a security. Both sides have dropped their respective appeals and following the Commission’s vote the 8 august 2025, ending one of the crypto industry’s most closely watched and longest-running legal fights.
The settlement brings closure to a legal battle that defined cryptocurrency regulation for nearly four years. While Ripple avoided a more severe penalty, the $125 million fine and ongoing restrictions on institutional sales demonstrate the SEC’s continued oversight of digital asset markets even under a more crypto-friendly administration.
Here is a list of key drivers that will help forward mass adoption:
- Expanding institutional adoption for cross-border payments with the disruptive XRP technology.
- Approval of XRP ETFs (already happening in markets like Brazil and Canada). Institutions that still waiting to be approval: Grayscale, Vaneck, 21Shares, Bitwise, Franklin etc. Bloomberg analysts have raised the odds for spot XRP EFT approval at 95% in 2025. In addistion, CME Group, the world’s leading derivatives market place have launched the standard and micro XRP futur contracts on May 19 2025 and until now, have amassed more than $542.8 million in notional trading volume, evidence of robust institutional and retail appetite for regulated exposure to one of the industry’s most scrutinized digital assets.
- Final regulatory settlement between XRP and the SEC certainly in 2025. Recent news indicates that the SEC has settled its lawsuit with Ripple, establishing that programmatic sales of XRP are not securities. This grants XRP a regulated status in the US, which is a significant development for its adoption.
- Improved regulatory structures to enable institution to fully integrate XRP within their standard daily business procedures and therefore, stabilise the XRP price.
- Ripple’s ODL (on-Demand Liquidity): XRP could help banks address liquidity coverage challenges posed by Basel III regulation and improve their inefficient capital management by using Ripple’s ODL (on-Demand Liquidity) and XRP as a bridge currency to convert fiat currency into XRP, send it across borders via the XRP Ledger, and then convert it back into the recipient’s local fiat currency. This allow remittances to be made in real time without the need to hold funds in pre-funded accounts in foreign banks, allowing financial institutions to access liquidity on demand, reducing transaction costs and delays.
- XRP Treasuries: More and more companies are revealing that they hold XRP in their treasuries and plan to expand their holdings, such as Digital Commodity Capital and Worksport.
- Hidden Road: The acquisition of the broker Hidden Road for $1.25 billion by Ripple reveals ambitions far beyond traditional payments because Hidden Road handles over 3 trillion annual transactions for 300 institutions, capturing institutional market share.
- Burn Mechanism: A small amount of XRP is burned with each transaction. While insignificant on a small scale, a massive increase in transactions (such as the replacement of SWIFT) could lead to a measurable reduction in supply over time, increasing scarcity and contributing to a mild deflationary effect on the cryptocurrency’s supply. Burned XRP is permanently removed from circulation, potentially increasing its value over time.
Here is a link to get more information concerning Ripple’s ODL (on-Demand Liquidity) :
XRP represents a compelling alternative to SWIFT, offering significant advantages in terms of speed, cost, and transparency. The growing adoption of XRP and its integration into existing systems portends a significant shift in the international payments landscape. But, the RippleNet network (also known as XRPL) goes far beyond this: it is now developing a comprehensive offering integrating asset custody, payments and stablecoin issuance (RLUSD), as well as banks and asset managers who’s wish to digitize traditional asset classes such as stocks, bonds or real estate, all initiatives necessary to support large-scale tokenization.
Any new technology take time to be adopted but with all key drivers of the XRP Ledger and every new partnership that is created every day will certainly increase the odd of mass adoption.
SWIFT dominates interbank messaging for cross-border transfers, telling banks where to send money, but doesn’t actually move the funds contrary to XRP that acts as a bridge currency converting money instantly from one currency to another. The Ripple CEO Brad Garlinghouse said the at the XRP APEX 2025 event in Singapore that XRP could capture 14% of SWIFT global volume in the next 5 years. However, it could be much faster if the final settlement is resolved quickly with the SEC. Certainly, XRP is poised to become a central pillar of cross-border liquidity and be recognized as a large-scale company that can tokenize any type of asset, and this could lead to a surge in the price of XRP.