Following a landmark victory in its legal battle with the SEC, Ripple has seen renewed global recognition for its blockchain payment system and native token XRP. The Institute of International Finance (IIF), recently highlighted XRP as a faster and cheaper solution for moving money across borders, particularly serving underserved communities traditionally reliant on traditional banks. Ripple’s XRP acts as a bridge asset, enabling near-instant settlements without relying on multiple banking intermediaries.
This recognition stemmed from the IIF’s feedback to the Bank for International Settlements (BIS) consultation on improving global payments, which saw Ripple and XRP acknowledged for their innovative infrastructure for value transfer. This marks a departure from traditional financial models plagued by delays and high costs.
While stablecoins like USDC from Circle, PayPal’s PYUSD, and Coinbase’s Base blockchain received recognition for enabling fast, affordable international payments, Ripple’s stablecoin RLUSD was absent from the list. However, it has recently been integrated into Ripple Payments, further adding to its utility.
Ripple continues to gain momentum in the international finance sphere, receiving praise from entities like Mastercard and World Bank reports. This recognition underlines Ripple’s growing role as a potential alternative to SWIFT.
The momentum is evident across various fronts. Whether it’s SBI Remit using XRP for remittances or mentions by IMF and World Economic Forum, Ripple and XRP are no longer operating in the shadows. ” 2025