Alongside this caption, he attached a demonstration video, which provided a step-by-step view of how a payment is processed through Ripple’s platform. The walkthrough reveals a practical look at the system’s design. It shows the details involved in completing a transaction from start to finish.

how @ripple payments works:

send money across the world.

any day of the week.

any hour of the night. pic.twitter.com/HDUabIejBa

— Phil Kwok | EasyA (@kwok_phil) August 31, 2025

Step-by-Step Process

The video begins by showing that payments on Ripple start with stablecoin balances, specifically Ripple USD (RLUSD). The user is guided to select “Create Payment” and chooses between making an individual or batch transfer.

For the demonstration, the individual option is selected. The system then asks who is sending the payment, and the sender selects “Myself,” confirming that the payment is being initiated directly.

The flow progresses to beneficiary selection. Several businesses are displayed as saved recipients, and the sender chooses Aetheris International, a company based in the United Kingdom.

With the beneficiary chosen, the payment details screen is filled in. The funded RLUSD balance is set as the source of funds, and the sending amount is entered as 14,500.00 RLUSD.

The platform automatically generates a conversion quote, showing the amount to be received in British pounds. For this transaction, the receiving amount is displayed as 10,717.67 GBP.

A short description is added under the purpose of the payment, which is listed as “Compensation Payment” with the note “Q1 2025.” The system also provides a timer next to the conversion rate, making it clear that the rate has a limited validity window before a refresh.

Review and Confirmation

Before the transaction is finalized, the sender is shown a review screen that summarizes all details. The sending amount of 14,500.00 RLUSD and the receiving amount of 10,717.67 GBP are displayed again.

The beneficiary’s information is listed, including the company name, country, and bank account details in the United Kingdom. The payment date is noted as Sunday, May 25, 2025, with the description fields matching those entered earlier.

Once confirmed, the system processes the payment and provides an on-screen message stating that the payment has been initiated successfully. This step is marked as part of the guided process, showing “7 of 8” before completion.

Transaction Record

The video then shifts to the payment history table. Each entry includes a unique payment ID, timestamp, beneficiary, amount sent, and amount received. The Aetheris International transfer is clearly listed, showing the 14,500.00 RLUSD sent and 10,717.67 GBP received.

Other records in the table display completed transactions to additional beneficiaries in various currencies, reinforcing the system’s cross-border scope.

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Significance of the Demonstration

Kwok’s post did not provide commentary beyond the short caption, but the demonstration itself highlights how Ripple’s payment platform is structured for usability. From initiating a payment, selecting a beneficiary, reviewing exchange rates, and confirming the transfer, each stage is clearly defined.

The walkthrough concludes with a completed entry in the ledger, showing how transactions are documented. The post underscores the operational function of Ripple Payments and illustrates how the system enables international money transfers in real time.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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In his post, he described Ripple Payments as “Liquidity on Demand,” linking the feature to XRP. The focus of the announcement is on the availability of a public demo, giving a clearer view of Ripple’s payment solution and how it positions itself in the broader cross-border settlement landscape.

The tweet does not indicate when the service may be fully launched, but frames the demo as a live showcase of its functionality.

BREAKING: @Ripple has dropped a demo of “Ripple Payments” on their site!

Ripple Payments is “Liquidity on Demand” —> #XRP pic.twitter.com/NSCA3QEWoM

— JackTheRippler © (@RippleXrpie) August 30, 2025

Features Displayed in the Demo

The attached images provide a walkthrough of the Ripple Payments interface. The dashboard welcomes the user and shows account balances in two categories: one in USD and another in Ripple USD (RLUSD). Transaction history is displayed underneath with timestamps and beneficiaries, confirming that the system is built to handle multiple outgoing payments.

On the right side of the screen, an exchange-rate section is visible, showing real-time conversion data. The example in the demo indicates that 1 USD equals 19.2400 Mexican Pesos, with a timestamp reflecting when the rate was captured.

Additional navigation features include options for global payments, stablecoin payouts, reports, and beneficiary management. A section is also visible with links for contacting Ripple’s support team and accessing documentation.

Stablecoin Conversion and Fiat Settlement

The walkthrough overlay in the demo explains the payment flow. It states that Ripple Payments allows conversion from stablecoins to fiat, followed by direct payout to end beneficiaries in more than fifty markets through a single integrated solution.

In the example presented, Ripple USD (RLUSD) is off-ramped and converted, with the final step being the delivery of GBP to a beneficiary in the United Kingdom. The overlay indicates that this is part of an eight-step product demonstration, designed to illustrate the process from funding to settlement.

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— TimesTabloid (@TimesTabloid1) June 15, 2025

Positioning of Ripple Payments

In his post, JackTheRippler emphasized that Ripple Payments represents “Liquidity on Demand,” a description directly tied to XRP. This suggests that the product aims to highlight liquidity access and settlement efficiency as its core functions.

The way the demo is presented places stablecoin off-ramping and fiat delivery at the center of its offering, with XRP identified as the underlying asset connected to the liquidity model.

Community Comment

Another user, X Finance Bull, added that “a demo release is always a good way to gauge adoption potential. Let’s see how institutions respond.”

This statement points to institutional response as an important next step in determining the potential reach and usage of Ripple Payments once prospective users have reviewed the demo.

The post from JackTheRippler and the demo images reveal Ripple’s focus on cross-border payments that combine stablecoin conversion with fiat delivery across multiple markets.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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According to his recent post on social media, XRP is not targeting a narrow niche market but is instead being deployed toward capturing a portion of the global $150 trillion cross-border payments sector.

He explains that Ripple’s infrastructure is not limited to any single category of financial institution but is already reaching banks, fintechs, and crypto platforms through Ripple Payments.

The post reads, “$XRP isn’t targeting a niche, it’s aiming at a $150 TRILLION cross-border flow. Banks. Fintechs. Crypto rails. When Ripple eats even 0.1%, that’s $150B riding #XRP. Now ask yourself… what happens when it hits 1%? This isn’t speculation. It’s inevitable.”

$XRP isn’t targeting a niche, it’s aiming at a $150 TRILLION cross-border flow.

Banks. Fintechs. Crypto rails. When Ripple eats even 0.1%, that’s $150B riding #XRP.

Now ask yourself… what happens when it hits 1%?

This isn’t speculation. It’s inevitable. pic.twitter.com/9avH1uzvpZ

— X Finance Bull (@Xfinancebull) May 26, 2025

This assertion highlights Ripple’s ambition and the sheer scale of value XRP could facilitate. The statement implies that even a fractional adoption of XRP in global settlements could result in hundreds of billions in value flowing through the token.

Ripple’s Multi-Sector Approach to Global Payments

In context, the captioned image outlines Ripple Payments’ approach to different sectors. For crypto businesses, Ripple offers seamless integration for cross-border stablecoin and crypto flows. Payment service providers are encouraged to adopt Ripple’s infrastructure to access faster third-party payouts through stablecoin interoperability.

Fintech firms are offered enhanced revenue models via cross-border payments-as-a-service. For banks, Ripple presents itself as an alternative to the traditional correspondent banking model by providing direct and cost-saving global payment routes.

This structure shows that Ripple is not limiting its market to any single vertical. Instead, the company is creating an interoperable ecosystem where multiple financial players—traditional or digital—can settle transactions across borders with reduced friction and lower costs.

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Community Reaction: Broader Implications and Larger Markets

X Finance Bull’s tweet drew further commentary from the community, including a notable contribution from a user named RESEDARAN who remarked, “Swift alone is 300 trillion a year, real estate, same, f*** who knows where this will go.”

In reply, X Finance Bull added, “That’s the thing, we’re not early to a coin, we’re early to a full-on financial reset.” This response reinforces the idea that XRP’s significance extends beyond short-term speculation and is instead tied to long-term transformation in global financial systems.

The observation that legacy systems such as SWIFT process over $300 trillion annually puts XRP’s target market into greater perspective. It suggests that even Ripple’s own $150 trillion cross-border payments estimate may be conservative when viewed alongside other large-scale sectors, including real estate and institutional finance.

A Shift Toward Infrastructure-Level Utility

The idea that Ripple’s payment solutions are designed for all major financial verticals—banks, crypto institutions, and fintechs—is further supported by Ripple’s promotional materials, as shown in the attached image. Ripple appears to be positioning itself not only as a technology provider but also as a financial backbone for enterprises that need reliable, low-cost, high-speed cross-border payment infrastructure.

X Finance Bull’s framing of the XRP opportunity as “inevitable” aligns with the company’s broader messaging about utility and scalability.

While regulatory clarity remains a significant factor, Ripple’s strategy appears to be firmly aligned with long-term adoption across high-volume financial corridors. The notion of capturing even 0.1% of a $150 trillion market underscores the scale at which Ripple and XRP are operating.

X Finance Bull’s tweet is not an isolated opinion, but a reflection of growing sentiment within segments of the digital asset community that view XRP as infrastructure-level technology rather than a simple speculative asset.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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Van Miltenburg’s statement points to Ripple’s intent to go beyond incremental improvements. He clarified that Ripple provides core infrastructure in the form of a messaging system, positioning it as a direct evolution of traditional systems like SWIFT.

Ripplenet
"…kind of SWIFT update or replacement"
– Eric van Miltenburg, SVP of Strategic Initiatives, @Ripple

I saw your convo earlier today @krippenreiter with @XrpArthur and others and remembered this clip. I hope it adds to the discussion. Goes contrary to a "compliment". pic.twitter.com/IQKkNnzqjM

— Crypto Eri ~ Carpe Diem (@sentosumosaba) April 19, 2025

This positioning highlights Ripple’s long-held ambition to streamline cross-border payments and improve efficiency across global finance. A prominent crypto expert recently debunked rumors that Ripple and SWIFT were collaborating, but Ripple’s vast XRP-backed payment network remains a viable competitor to SWIFT’s slow and inefficient network.

Van Miltenburg noted that Ripple works closely with clients and maintains regulatory compliance throughout its development cycle. He also acknowledged that the company works at the pace of its partners and revealed that the institutions are beginning to accelerate how they operate and innovate.

Implications for XRP and SWIFT

The comment about Ripple’s product being an “update or replacement” for SWIFT confirms the absence of a partnership between the two parties. Van Miltenburg’s words suggest Ripple is actively working to provide a full-scale alternative that addresses key shortcomings of current systems—namely, speed, cost, and transparency.

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The discourse of XRP taking over SWIFT’s role in the cross-border payment space is new, as it fixes all of SWIFT’s bottlenecks with its unparalleled speed and efficiency. SWIFT has been the backbone of cross-border messaging for decades, but its inefficiencies have led to growing demand for more modern solutions.

Ripple’s approach integrates messaging and settlement in a single framework, especially when using XRP for liquidity, offering a more comprehensive solution.

Reasserting Ripple’s Strategic Direction

By sharing the clip, Crypto Eri reinforced Ripple’s original messaging and strategic direction. Rather than allowing softened or diluted interpretations to shape the conversation, she used van Miltenburg’s words to recenter the narrative.

Experts have projected that XRP could reach $35.86 by capturing just $1 of SWIFT’s daily volume. Replacing the network entirely could send the asset to triple and even quadruple-digit targets.

The video serves as a reminder that Ripple is building infrastructure designed to transform global payments. According to Ripple CEO Brad Garlinghouse, SWIFT’s network is outdated, and he expects XRP to usher in a new era for cross-border payments.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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As shared by on X by a well-known XRP community member, @Wkahneman, International Bank (CIB) Egypt has joined Ripple to implement blockchain technology in enhancing the efficiency of cross-border payments.

Read Also: Understanding Ripple and XRP

This news, shared alongside a link to the 2024 Fintech Report, Egypt, raises questions about the potential implications for cross-border payments and the possible involvement of Ripple’s native token, XRP.

Nice! New #Ripple user confirmed. #XRP?
2024 Fintech Report, Egypt by Shehata Law notes Commerical International Bank (CIB) Egypt, is "live", working w/ Ripple to "implement blockchain technology, enhancing the efficiency of cross-border payments."
1/3https://t.co/F0d2gYDAyh pic.twitter.com/iQjb6cdiaO

— WrathofKahneman (@WKahneman) February 19, 2024

Egypt Sees a New Ripple Partner

Before CIB Egypt, NBE (National Bank of Egypt) was the sole confirmed Ripple user within the country, collaborating with the LuLu crypto exchange based in the United Arab Emirates.

This exchange, affiliated with LuLu Financial Holdings and LuLu Money, leverages Ripple’s blockchain network, RippleNet, and the digital token XRP to facilitate seamless and cost-effective international transactions for partnered banks and financial institutions.

While other institutions like QNB, FAB, and Attijariwafa maintain headquarters in Egypt, their operations occur outside the country’s borders, making XRP adoption less likely in these cases.

Cross-Border Efficiency at the Forefront

@Wkahneman subtly infers CIB’s potential XRP utilization based on their stated objective of enhancing cross-border payment efficiency. The 2024 Fintech Report, Egypt, highlights CIB’s commitment to digital transformation and its dedication to exploring innovative solutions for improved financial services.

RippleNet’s ability to expedite and streamline cross-border transactions, coupled with its global reach, aligns perfectly with these aspirations. While the official announcement lacks explicit confirmation of XRP integration, it intrigues the community members. Whether CIB chooses to include XRP remains to be seen.

Further clarification is expected in the coming months, potentially shedding light on the precise nature of the collaboration and its broader impact on the Egyptian financial landscape.

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— TimesTabloid (@TimesTabloid1) July 15, 2023

Read Also: $10,000 Price Hope Reignited? XRP Is Poised to Facilitate Over $1.2 Quadrillion

Industry Implications

This development signifies Ripple’s continued expansion into the Middle Eastern and African regions, demonstrating its ability to attract influential financial institutions. If CIB embraces XRP, it could pave the way for broader adoption within the Egyptian market, potentially influencing other regional players.

Notably, Egypt actively encourages fintech innovation, positioning itself as a pioneer in the digital finance space. Ripple’s foray into this progressive environment could yield valuable insights and potentially shape the future of cross-border payments in the region.

The Ripple ecosystem plans to extend far beyond Egypt’s borders as recently, CoinDesk, a prominent cryptocurrency news outlet, announced that Ripple is set to purchase Standard Custody and Trust Company, a digital asset platform based in New York. Its acquisition of the company will help ease entry into new markets with Standard Custody’s licenses.

As Ripple secures partnerships with prominent institutions across the globe, the question of XRP’s role and potential for broader adoption continues to garner significant attention.

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The post Ripple Welcomes Major Bank To Facilitate Cross-Border Payments. Is XRP Involved? appeared first on Times Tabloid.

Renamed ‘Ripple Payments’, the upgraded platform leverages the power of blockchain technology to offer businesses faster, cheaper, and more efficient international transactions.

According to a press release, Ripple Payments comes with a notable update that extends its global coverage. Businesses now have access to over 70 crypto and traditional payout markets, encompassing nearly 100% of the world’s economies.

Read Also: JPMorgan Cites Ripple and XRP As Top Players to Unlock $120B Trapped in Cross-Border Payments

This extensive coverage is achieved through a simplified onboarding process, eliminating the complexities of managing international transactions. By democratizing access to Ripple’s network, small and medium-sized businesses (SMBs) can now participate in the global marketplace without facing entry barriers.

Seamless Integration with XRPL DEX

A key feature of Ripple Payments is its seamless integration with the XRP Ledger’s native decentralized exchange (XRPL DEX). This integration plays a crucial role in enhancing product performance and lowering barriers to entering new markets.

Businesses can now tap into a wide range of global liquidity options, ensuring their needs are met regardless of the currency or destination of their transactions. This eliminates liquidity shortages and provides greater flexibility to businesses and control over their international payments.

On-Demand Support and Dynamic Resource Allocation

Ripple Payments offers expanded liquidity options that enable the company to fulfill customers’ on-demand liquidity needs. Businesses no longer need to worry about having sufficient funds available in a specific currency or location.

Ripple can dynamically allocate resources to ensure smooth and efficient transactions. This on-demand support fosters greater trust and confidence in Ripple’s platform, solidifying its position as a leading provider of cross-border payment solutions.

According to Brendan Berry, head of payment products at Ripple, the company remains committed to unlocking the transformative potential of digital assets in cross-border payments. Berry emphasizes the need for a seamless and user-friendly experience that allows businesses to integrate blockchain technology into their operations and solve real-world problems more efficiently.

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Pat Thelen, vice president of global account management at Ripple, highlights the broader applications of blockchain technology beyond payments. He identifies the tokenization of real-world assets as an exciting area with immense potential to revolutionize various industries.

Read Also: XRP’s Victory Takes Ripple to the Flight of Disrupting Banking System

Thelen points out that leveraging the unique properties of blockchain technology, such as programmability, immutability, and global transaction delivery, can unlock new levels of efficiency, transparency, and security across a wide range of applications.

Ripple’s latest advancements in cross-border payments represent a significant milestone in the global financial landscape. By expanding access to its network and harnessing the power of blockchain technology, Ripple empowers businesses of all sizes to participate in the global economy on equal footing.

As the potential of blockchain technology continues to unfold, Ripple remains at the forefront of innovation, paving the way for a transformed world of cross-border payments. This transformation promises to foster a more efficient, inclusive, and interconnected global financial system, benefitting businesses and individuals.

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Ripple’s Head of Payments Product, Pegah Soltani, recently shared the company’s ambitious plans to revolutionize cross-border payments using blockchain technology.

Read Also: Ripple Payments Presentation Indicates Direct Leverage of XRP

Addressing the Challenges of Cross-Border Payments

During a presentation, Soltani highlighted the massive amount of money that flows across borders each year, reaching trillions of dollars.

However, she pointed out that the current cross-border settlement system is plagued by inefficiencies, such as slow transaction speeds, high fees, and a significant risk of errors.

Ripple Payments With XRP: A Transformative Solution

Soltani emphasized Ripple’s commitment to addressing these pain points and transforming the cross-border payment landscape. The company’s flagship product, Ripple Payments, leverages blockchain technology and cryptocurrency, specifically XRP, to facilitate faster, more cost-effective, and transparent cross-border payments.

Soltani explained how Ripple Payments works by using a hypothetical scenario of a business sending money from the United Kingdom to the Philippines. The first step would involve requesting an FX quote to determine the exchange rate between Pounds and Pesos. After receiving and approving the quote, the business would initiate the payment instructions.

Ripple Payments would seamlessly convert the Pounds into the digital token XRP. Subsequently, the XRP would be exchanged for Pesos through Ripple’s network of partners in the Philippines. The recipient would then receive the exact amount agreed upon in the quote, all in their local currency, the Peso.

Soltani highlighted Ripple’s comprehensive global payout network, which provides access to essential payment networks and currencies, including those that were once hard to reach. This extensive reach allows Ripple to facilitate cross-border payments to virtually any corner of the world.

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Read Also: Ripple Swell Starts with Game-Changer: Ripple Payments Enabled Between Africa, Australia and UK

Ripple’s Path to Cross-Border Payment Dominance

With its innovative blockchain-powered solutions and an ever-expanding global network, Ripple is well-positioned to capture a significant share of the rapidly growing cross-border payment market.

Soltani’s insights demonstrate Ripple’s dedication to transforming cross-border transactions, making them faster, cheaper, and more transparent for businesses and individuals worldwide. As the cross-border payment market continues to expand, Ripple’s position at the forefront of this revolution is firmly established.

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This serves as a confirmation that Ripple is directly using XRP for its product specially designed to transform the landscape of crypto payments for small businesses.

Ripple’s new “Ripple payments”

Unsure if you can see in the video but it directly leverages $XRP.

“Ripple are doubling down on crypto technology”

“Funds settled in real time, a product that provides all of the benefits of a blockchain solution but none of the issues”

“This is… pic.twitter.com/goHGX64gro

— Cryptoinsightuk (@Cryptoinsightuk) November 9, 2023

This innovative solution is set to streamline and simplify the process, making it more accessible and convenient for businesses of all sizes.

Read Also: Ripple Swell Starts with Game-Changer: Ripple Payments Enabled Between Africa, Australia and UK

Ripple Payments: User-Friendly Crypto Solutions

During the Swell conference, Berry highlighted Ripple Payments’ user-friendly features. Designed to eliminate the need for extensive technical expertise, Ripple Payments opens doors for smaller businesses, allowing them to navigate the world of crypto payments with ease.

By abstracting the complexity of handling digital assets and blockchain interactions, Ripple Payments empowers customers to initiate payments effortlessly, while Ripple takes care of the rest.

This development is a significant leap forward, enabling small businesses to enjoy the benefits of crypto payments without the technical barriers that previously hindered their adoption.

XRP Integration

Although Ripple has not confirmed the specifics, it has revealed that Ripple Payments has established a new integration with the XRP Ledger (XRPL), fueling speculation that XRP could play a pivotal role in facilitating fast, low-cost, and secure cross-border payments for small businesses.

This integration could be a game-changer for small businesses, alleviating concerns about high transaction fees and slow processing times. By leveraging XRP, businesses can expand their reach and tap into new markets without the financial barriers that have traditionally impeded their growth.

Revolutionizing the Crypto Payments Landscape for Small Businesses

Ripple Payments brings forth a significant development in the crypto payments industry, particularly for small businesses. With its user-friendly interface and integration with the XRP Ledger, Ripple Payments aims to revolutionize the way small businesses operate.

Small businesses, often considered the backbone of the global economy, face numerous challenges when it comes to making and receiving payments. Traditional payment methods can be expensive, slow, and limited in availability across different countries.

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Read Also: Uphold Opens the Door of XRP Payments for Ripple in the United States. Here’s how

Cryptocurrencies offer a range of advantages for small businesses, including lower transaction fees, faster processing times, and global accessibility. However, the complexities surrounding crypto payments have hindered their widespread adoption among small businesses.

Ripple Payments addresses this challenge head-on by providing a user-friendly interface that simplifies the management of digital assets and blockchain interactions. This breakthrough makes crypto payments more accessible and convenient for small businesses, paving the way for their increased adoption.

Furthermore, the integration with the XRP Ledger suggests that Ripple Payments could leverage XRP for cross-border payments, offering speed, affordability, and security. This integration holds immense potential for small businesses, allowing them to expand their operations and explore new markets without the constraints of high fees or slow transaction times.

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Ripple recently shared this notable development on X. This partnership is poised to revolutionize international money transfers between Africa and various emerging markets, including the Gulf Cooperation Council (GCC), the United Kingdom, and Australia.

We’re proud to announce that our partner @Onafriq will utilize Ripple Payments, our crypto-enabled payments technology, to open up three new payments corridors between Africa and the rest of the world.

Learn more: https://t.co/FU0pjHuqIA

— Ripple (@Ripple) November 8, 2023

Read Also: Kuwait Finance House Acknowledges Ripple As A World-Class Firm For Cross-Border Payments

Onafriq and Ripple’s Cross-Border Payment Revolution

Onafriq, powered by Ripple’s cutting-edge crypto technology, is building three payment pathways that will seamlessly connect Africa to the rest of the world.

These pathways will empower customers of leading financial institutions, including UK-based PayAngel, GCC’s Pyypl, and Australia’s Zazi Transfer, to conduct swift, reliable, and cost-effective remittances and business payments to recipients across 27 countries within Onafriq’s extensive pan-African network.

Ripple and Onafriq’s partnership is poised to address the challenges of traditional cross-border payments, like long transfer times and exorbitant fees. This partnership could usher in a new era of efficient and affordable international money transfer solutions for Africa. This, in turn, advances the cause of financial inclusion throughout the continent.

According to Ripple’s official blog post, Aaron Sears, the Senior Vice President of Global Customer Success, expressed his enthusiasm about the expansion of Ripple’s cross-border payment solution to Africa.

One of Onafriq’s remarkable strengths is its vast footprint in mobile money movement across Africa. Ripple’s crypto-enabled solutions will provide individuals worldwide with the benefits of faster and more cost-effective transactions when sending money to Africa.

Read Also: Uphold Opens the Door of XRP Payments for Ripple in the United States. Here’s how

Mobile money has emerged as a pivotal driver of financial inclusion and access to financial services in Africa. Onafriq is at the forefront, with a payment hub connecting over 500 million mobile wallets across 1,300 payment corridors with a foothold in 40 African nations.

The collaboration between Ripple and Onafriq is set to bring about a profound transformation in the world of cross-border payments. This partnership will provide enhanced payment pathways, improve financial inclusion, and give Ripple’s innovative solutions extensive reach. This partnership could also broaden the use of XRP and give SWIFT a run for its money.

This partnership isn’t the only major one Ripple is working on now. The National Bank of Georgia recently shortlisted the company for a CBDC project, and it is in talks with the Australian Freight and Trade Alliance (FTA) for a potential partnership.

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The partnership between Ripple and Uphold is seen as a key step in resolving the issues with offering its payment services in the US. Currently, Ripple Payments is not available in the US due to the ongoing legal battle with the US Securities and Exchange Commission (SEC). The SEC has filed a lawsuit against Ripple, alleging that its past XRP sales violated securities laws.

Read Also: Uphold Launches 20,000 XRP Giveaway For XRP Holders. Here’s How To Participate

Amidst this legal challenge, Ripple CTO David Schwartz has previously expressed the company’s intention to offer Ripple Payments in the US, sourcing XRP from alternative channels rather than the payment firm itself.

Recent comments from Schwartz indicate that Ripple is exploring the possibility of leveraging Uphold to obtain XRP for its payment services in the US. This approach would help the firm avoid potential regulatory action in the US.

Uphold has confirmed its role as one of the exchanges to facilitate Ripple Payments transactions involving US-based institutions. However, a key distinction is that Uphold will not purchase XRP tokens directly from Ripple. Instead, Uphold will acquire XRP and other assets from the open market to support these transactions.

Exactly Right. XRP sales through @Ripple solved through sales at @UpholdInc following now clarified legal guidelines of ‘Ripple Payments’ (Formerly ODL) to ensure US capable regulatory clarity to now ‘Go Live’ in the US Markets! https://t.co/E8393J5AYs

— Digital Assets Daily (@AssetsDaily) October 24, 2023

For Ripple, this partnership holds significant importance, as the US market plays a crucial role in the company’s growth strategy. Launching Ripple Payments successfully in the US could lead to widespread adoption of XRP and further strengthen the firm’s payment network.

Read Also: Uphold CEO Confirms 100% XRP Support and Reserves

Uphold’s Role in the Partnership

Uphold’s collaboration with Ripple marks a significant milestone that could strategically open doors for Ripple in the US market. By leveraging Uphold’s established presence and credibility, Ripple is positioning itself to tap into one of the world’s largest cryptocurrency markets.

One of the primary advantages of partnering with Uphold stems from its compliance with US regulations. Being a US-based exchange, Uphold is obligated to adhere to all applicable laws and regulations, ensuring that XRP liquidity provided for Ripple Payments transactions involving US institutions remains within the legal framework.

Moreover, Uphold’s reputation as a reliable and trusted exchange boosts confidence in the partnership. With a decade of experience in the industry, the exchange has earned the trust of the crypto community, bolstering Ripple’s trust in their collaboration.

In terms of market access, Uphold boasts a vast and expanding customer base. With over 7 million customers and more than $10 billion in managed assets, Uphold offers Ripple a substantial pool of liquidity to operate in the US.

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