Ripple Payments Goes Live in 60+ Markets, Surpasses $100B in Processed Volume

• Ripple Payments has gone live in 60+ markets and has handled more than $100 billion in transaction volume on fiat and stablecoin rails.
• The platform merges managed custody and state-of-the-art liquidity tools into a single regulated model.

Ripple has extended Ripple Payments to a full-stack fiat and stablecoin infrastructure as adoption increases. The company announced that its payment solution is now available in over 60 markets and has already processed over $100 billion in transaction volume. The growth brings new custody, liquidity, and single-collection services into its operations framework.

Ripple Payments helps companies receive, store, and transfer funds on both traditional and digital rails. The site incorporates controlled custody, named virtual accounts, wallet provisioning, computerized conversion, and settlement applications. Ripple stated that the system removes the need for institutions to coordinate multiple vendors across different regions.

The company’s recent acquisitions of Palisade and Rail contributed to the integration of custody and treasury automation with virtual account infrastructure. Customers can now open and control wallets at scale, manage transaction authorization, and sweep balances into operational accounts through one interface. The system also supports fiat and stablecoin pay-ins with automatic reconciliation.

This week, Ripple Prime was registered in the National Securities Clearing Corporation MPIDs directory, and earlier in February, it expanded collaboration with UAE-based Zand to explore stablecoin custody and liquidity initiatives on the XRP Ledger.

Ripple Enterprise Adoption Expands Across Global Markets

According to Ripple, fintech companies and banks are increasingly turning to stablecoins to overcome cross-border liquidity and settlement inefficiencies. Industry statistics quoted by the company reveal that over $33 trillion was processed in stablecoin transactions last year; stablecoins also account for a large portion of on-chain transactions. As adoption continues, Ripple Payments has registered over $100 billion in processed volume.

Several financial institutions have incorporated Ripple infrastructure in their payment systems. One of them, Alfred, facilitates cross-border stablecoin-to-fiat transfers in the United States, Latin America, and China through the platform. AltPayNet, a licensed payment systems operator in the Philippines, uses Ripple to support currencies like EUR, AED, CAD, and THB.

Swiss lender AMINA Bank uses Ripple Payments to provide near-real-time cross-border transactions between institutional clients. Banco Genial in Brazil has also implemented the platform for outbound international payouts. In addition, CambioReal incorporated the Ripple settlement layer into its payment network, which serves businesses and individuals along various corridors.

Elsewhere, Corpay uses managed custody and liquidity products to finance and redeem positions in Asia-Pacific in RLUSD, while MassPay uses Ripple Payments for payouts to over 100 countries.

Ripple says it has received over 75 global licenses from local, national and regional watchdogs, allowing it to operate within regulated financial frameworks and offering protection for users. 

The company confirmed last week that it will continue investment in the XRP Ledger ecosystem, including a fintech builder program and the launch of the XAO DAO. 

The XRP price has soared, rebounding from a low of $1.34. At press time, it was trading at $1.41, a 4.90% jump today.