Ripple has announced a major expansion of its global payments infrastructure, confirming that its network—RippleNet—is now live in more than 55 countries and supports over 95 currency pairs. This development marks a significant milestone in the company’s mission to modernize cross-border payments using blockchain technology and its native digital asset, XRP.
The San Francisco-based fintech firm has also revealed that its innovative cross-border payment solution, On-Demand Liquidity (ODL), is now operational across five key regions: the United States, Mexico, Europe, the Philippines, and Australia. ODL leverages XRP as a bridge currency to enable fast, low-cost international money transfers, eliminating the need for pre-funded nostro accounts.
This growth is highlighted on Ripple’s newly redesigned website, which showcases enhanced features and updated information about RippleNet’s global reach and real-time capabilities. As financial institutions increasingly seek efficient alternatives to traditional SWIFT-based systems, Ripple’s infrastructure offers a scalable, transparent, and near-instant settlement solution.
👉 Discover how blockchain-powered payments are transforming global finance today.
RippleNet: Powering the Future of International Transfers
At the heart of Ripple’s ecosystem lies RippleNet, a unified global network connecting banks, payment providers, and digital asset exchanges. Unlike conventional correspondent banking models that rely on multiple intermediaries, RippleNet enables direct, end-to-end tracking of transactions with minimal friction.
With support for 95+ currency pairs, the network allows seamless conversion between fiat currencies across diverse markets. This breadth of coverage enhances liquidity management for financial institutions and reduces dependency on costly legacy systems.
One of the standout features of RippleNet is its integration with On-Demand Liquidity (ODL). By utilizing XRP as an intermediate asset, ODL allows institutions to settle cross-border payments in seconds rather than days. The process works by converting fiat into XRP at the origin, transferring it across the XRP Ledger, and then converting it back into the target fiat currency upon arrival.
This model significantly cuts down on capital requirements and foreign exchange costs—making it especially valuable in high-volume remittance corridors such as U.S. to Mexico and Philippines inbound transfers.
XRP Adoption Grows Across Key Markets
XRP-powered remittances are currently active in five major regions: North America, Latin America, Europe, Southeast Asia, and Oceania. Among these, Mexico stands out as a leading market for ODL adoption.
Data from CoinMarketCap shows that XRP/MXN (XRP to Mexican Peso) is now the top trading pair on Bitso, Mexico’s largest cryptocurrency exchange. At the time of writing, the pair recorded approximately **$3 million in 24-hour trading volume**, surpassing even **BTC/MXN**, which saw around $2.38 million in volume.
This surge in demand reflects growing institutional and retail confidence in XRP’s utility for real-world financial applications. It also underscores the increasing preference for digital assets that offer tangible use cases beyond speculation.
👉 See how digital assets are being used for instant cross-border transactions worldwide.
The XRP Ledger: A Hub for Innovation Beyond Payments
Beyond Ripple’s enterprise solutions, the open-source XRP Ledger (XRPL) continues to gain traction as a platform for decentralized innovation. According to XRPL.org—the community-maintained resource for all things XRP—the ledger supports a wide range of use cases beyond remittances.
Businesses leveraging the XRP Ledger include:
- Cryptocurrency exchanges and wallet providers
- Asset custody services
- Payment processors and micropayment platforms
- Gaming and music applications
- Infrastructure and security tools
- Institutional trading platforms
Unlike some blockchains focused solely on smart contracts or NFTs, the XRPL emphasizes speed, scalability, and energy efficiency. Transactions settle in under four seconds, with negligible fees and a carbon-neutral consensus mechanism.
Developers are also exploring new functionalities such as decentralized exchanges (DEX), tokenized assets, and automated market makers (AMMs) built directly on the ledger—further expanding its utility in the broader Web3 ecosystem.
Strategic Partnerships Fuel Global Expansion
Ripple’s rapid growth is supported by a robust network of partnerships with leading financial institutions worldwide. The company collaborates with global names such as American Express, MoneyGram, Santander, and SABB, among over 300 financial institutions across 40+ countries.
These collaborations validate Ripple’s technology as a viable alternative to traditional cross-border payment rails. In particular, MoneyGram’s integration with ODL demonstrated that blockchain-based liquidity solutions can operate at scale in live production environments.
Just recently, Ripple launched a new Line of Credit service designed for financial institutions and money service businesses using ODL. This offering allows participants to access borrowed XRP through a streamlined approval process and a one-time fee—removing one of the main barriers to entry for institutions hesitant to hold digital assets on their balance sheets.
This innovation lowers the barrier to adoption and enables more players to participate in the XRP-powered payments economy without upfront capital investment.
👉 Explore how financial institutions are accessing crypto liquidity without holding assets directly.
Frequently Asked Questions (FAQ)
What is RippleNet?
RippleNet is a global payments network developed by Ripple that connects banks, payment providers, and digital asset exchanges. It enables fast, secure, and low-cost cross-border transactions using blockchain technology and standardized messaging protocols.
How does On-Demand Liquidity (ODL) work?
ODL uses XRP as a bridge currency to facilitate instant cross-border payments. Instead of pre-funding accounts in foreign currencies, institutions convert fiat to XRP, send it across the XRP Ledger, and convert it back to local currency at the destination—reducing costs and settlement time.
Where is XRP being used for remittances?
XRP-powered remittances are currently live in five key regions: the United States, Mexico, Europe, the Philippines, and Australia. These corridors represent some of the world’s most active international money transfer routes.
Is the XRP Ledger only used for payments?
No. While payments are a primary use case, the XRP Ledger supports various applications including decentralized exchanges, tokenized assets, gaming platforms, micropayments, institutional trading, and secure infrastructure services.
How many currency pairs does RippleNet support?
RippleNet supports more than 95 currency pairs, enabling seamless conversion between major and emerging market fiat currencies across its network.
Can traditional banks integrate with Ripple’s technology?
Yes. Numerous banks and financial institutions—including Santander and American Express—already use Ripple’s solutions. The technology is designed to integrate smoothly with existing banking systems while improving speed, transparency, and cost-efficiency.
Final Thoughts
Ripple’s latest updates reflect a maturing ecosystem where blockchain technology is no longer theoretical but actively reshaping global finance. With operations spanning 55 countries, support for 95+ currency pairs, and real-world usage of XRP in high-demand remittance corridors, the company continues to push the boundaries of what’s possible in digital payments.
As adoption grows and innovation accelerates on the XRP Ledger, Ripple remains at the forefront of the movement toward faster, cheaper, and more inclusive financial systems—powered by decentralized technology and driven by real utility.
Whether you're an institution exploring new liquidity solutions or a developer building on an energy-efficient blockchain, the momentum behind Ripple and XRP is impossible to ignore.