newsycanuse

Ripple’s XRP Adoption Grows: Mastercard Highlights SBI Remit as SWIFT Speculation Builds

adoption

Friday, 02/05/2025 | 16:15 GMT by
Tareq Sikder

  • Financial firms are testing XRP for faster payments; MasterCard highlights real-world use.
  • The report mentions SBI Remit, using XRP as a bridge currency, like MoneyGram and Stellar.

Ripple XRP

Major financial institutions are increasingly testing
digital assets, including XRP, to improve cross-border payments. A recent
report by Mastercard, titled “Blockchain Technology Fuels New Remittances
Business Cases,” highlights several examples of blockchain applications in
remittance systems.

Speculation has resurfaced around a possible
integration of Ripple’s XRP with SWIFT, the global messaging network for
cross-border transactions. Previous reports have indicated that banks have
tested XRP’s compatibility with SWIFT. If confirmed, such a partnership could
significantly boost XRP adoption among global financial institutions.

SBI Remit Uses XRP for Transfers

The report also mentions SBI Remit, a Japanese money
transfer service that uses XRP as a bridge currency. It places SBI alongside
earlier examples such as MoneyGram and Stellar, suggesting a broader trend of
using cryptocurrencies to cut costs and speed up cross-border transactions.

Source: Binance

Ripple, the company behind XRP, has long positioned the
token as a bridge asset for converting one fiat currency to another. This
approach eliminates the need for pre-funded accounts in multiple currencies and
aims to enhance liquidity in regions underserved by traditional banking
systems.

You may find it interesting at FinanceMagnates.com: Breaking:
Ripple Acquires Hidden Road for $1.25 Billion, Becomes First Crypto Company
with Multi-Asset Prime Broker.

Leaked Mastercard Doc Names XRP as Bridge Currency! (Breaking News) pic.twitter.com/vsNR2jyDD1

— Crypto Daily Trade Signals (@cryptodailyTS) May 2, 2025

Ripple Joins BIS Task Force on Payments

Mastercard’s reference to Ripple and XRP adds credibility to
the token’s role in remittances. It signals that mainstream payment firms are
now taking a closer look at blockchain infrastructure. The inclusion gives
Ripple added visibility in the financial ecosystem.

SBI Remit’s ongoing use of XRP in Asia further illustrates
how digital assets are being integrated into real-world payment systems. The
Mastercard report underscores that blockchain solutions are being evaluated
across regions and technologies.

In parallel, the Federal Reserve and international
organizations like the Bank for International Settlements (BIS) are also
exploring ways to enhance cross-border payments . Ripple is reportedly
participating in a BIS task force focused on reducing costs and improving
interoperability.

Ripple Advances in Cross-Border Payments, DeFi, and
Strategic Partnerships

Recently, Ripple has attracted attention due to several
notable developments. Michael Saylor, Executive Chairman of Strategy, discussed
the inclusion of cryptocurrencies like Bitcoin, Ethereum, XRP, Solana, and
Cardano in US strategic reserves following President Trump’s executive
order. Saylor proposed that XRP should be subject to regulation.

On January 6, Ripple’s
CEO Garlinghouse and CLO Alderoty met with President Trump, fuelling
speculation regarding the SEC’s 2020 lawsuit concerning XRP’s status as an
unregistered security.

— Brad Garlinghouse (@bgarlinghouse) January 8, 2025

Ripple
has expanded its partnerships with Revolut and Zero Hash, aiming to compete
with USDT and USDC. In Portugal, Ripple has partnered with Unicâmbio to enable
instant payments between Portugal and Brazil using digital assets.

— Ripple (@Ripple) February 5, 2025

In South Korea, BDACS
plans to use Ripple Custody for securing XRP and RLUSD. Ripple also donated
$100,000 in XRP for California wildfire relief. The company anticipates that
Japanese banks will adopt the XRP Ledger by 2025 for cross-border payments.

In the DeFi space, Ripple has teamed up with Chainlink to
integrate RLUSD into Ethereum platforms. Investor interest in XRP remains
strong, with whales
acquiring 520 million tokens during a recent price dip.

Major financial institutions are increasingly testing
digital assets, including XRP, to improve cross-border payments. A recent
report by Mastercard, titled “Blockchain Technology Fuels New Remittances
Business Cases,” highlights several examples of blockchain applications in
remittance systems.

Speculation has resurfaced around a possible
integration of Ripple’s XRP with SWIFT, the global messaging network for
cross-border transactions. Previous reports have indicated that banks have
tested XRP’s compatibility with SWIFT. If confirmed, such a partnership could
significantly boost XRP adoption among global financial institutions.

SBI Remit Uses XRP for Transfers

The report also mentions SBI Remit, a Japanese money
transfer service that uses XRP as a bridge currency. It places SBI alongside
earlier examples such as MoneyGram and Stellar, suggesting a broader trend of
using cryptocurrencies to cut costs and speed up cross-border transactions.

Source: Binance

Ripple, the company behind XRP, has long positioned the
token as a bridge asset for converting one fiat currency to another. This
approach eliminates the need for pre-funded accounts in multiple currencies and
aims to enhance liquidity in regions underserved by traditional banking
systems.

You may find it interesting at FinanceMagnates.com: Breaking:
Ripple Acquires Hidden Road for $1.25 Billion, Becomes First Crypto Company
with Multi-Asset Prime Broker.

Leaked Mastercard Doc Names XRP as Bridge Currency! (Breaking News) pic.twitter.com/vsNR2jyDD1

— Crypto Daily Trade Signals (@cryptodailyTS) May 2, 2025

Ripple Joins BIS Task Force on Payments

Mastercard’s reference to Ripple and XRP adds credibility to
the token’s role in remittances. It signals that mainstream payment firms are
now taking a closer look at blockchain infrastructure. The inclusion gives
Ripple added visibility in the financial ecosystem.

SBI Remit’s ongoing use of XRP in Asia further illustrates
how digital assets are being integrated into real-world payment systems. The
Mastercard report underscores that blockchain solutions are being evaluated
across regions and technologies.

In parallel, the Federal Reserve and international
organizations like the Bank for International Settlements (BIS) are also
exploring ways to enhance cross-border payments . Ripple is reportedly
participating in a BIS task force focused on reducing costs and improving
interoperability.

Ripple Advances in Cross-Border Payments, DeFi, and
Strategic Partnerships

Recently, Ripple has attracted attention due to several
notable developments. Michael Saylor, Executive Chairman of Strategy, discussed
the inclusion of cryptocurrencies like Bitcoin, Ethereum, XRP, Solana, and
Cardano in US strategic reserves following President Trump’s executive
order. Saylor proposed that XRP should be subject to regulation.

On January 6, Ripple’s
CEO Garlinghouse and CLO Alderoty met with President Trump, fuelling
speculation regarding the SEC’s 2020 lawsuit concerning XRP’s status as an
unregistered security.

— Brad Garlinghouse (@bgarlinghouse) January 8, 2025

Ripple
has expanded its partnerships with Revolut and Zero Hash, aiming to compete
with USDT and USDC. In Portugal, Ripple has partnered with Unicâmbio to enable
instant payments between Portugal and Brazil using digital assets.

— Ripple (@Ripple) February 5, 2025

In South Korea, BDACS
plans to use Ripple Custody for securing XRP and RLUSD. Ripple also donated
$100,000 in XRP for California wildfire relief. The company anticipates that
Japanese banks will adopt the XRP Ledger by 2025 for cross-border payments.

In the DeFi space, Ripple has teamed up with Chainlink to
integrate RLUSD into Ethereum platforms. Investor interest in XRP remains
strong, with whales
acquiring 520 million tokens during a recent price dip.

Tareq Sikder

  • 1496 Articles
  • 23 Followers

A Forex technical analyst and writer who has been engaged in financial writing for 12 years.

  • 1496 Articles
  • 23 Followers

Finance Magnates Daily Update

Get all the top financial news delivered straight to your inbox. Stay informed, stay ahead.

Keep Reading

More from the Author

Trending

Featured Videos

Trading with XM: What You Need to Know | Full Review by Finance Magnates


Trading with XM: What You Need to Know | Full Review by Finance Magnates

Trading with XM: What You Need to Know | Full Review by Finance Magnates


Trading with XM: What You Need to Know | Full Review by Finance Magnates

In this video, we take a closer look at XM (@xmglobal ) a globally recognized online broker, serving over 15 million clients worldwide. We cover their trading model, account types, fees, and the different instruments available for trading. You’ll also learn about XM’s regulation, security, educational tools, and how their platforms work.

Watch the full video to get a detailed review and find out if XM is right for your trading style.

???? Don’t forget to check out the full XM Review Listing on the Finance Magnates Directory at: https://directory.financemagnates.com/forex-brokers/xmcom/

#XM #XMReview #Forex #FinanceMagnates #ForexBroker #forexreview #xmbrokerreview


In this video, we take a closer look at XM (@xmglobal ) a globally recognized online broker, serving over 15 million clients worldwide. We cover their trading model, account types, fees, and the different instruments available for trading. You’ll also learn about XM’s regulation, security, educational tools, and how their platforms work.

Watch the full video to get a detailed review and find out if XM is right for your trading style.

???? Don’t forget to check out the full XM Review Listing on the Finance Magnates Directory at: https://directory.financemagnates.com/forex-brokers/xmcom/

#XM #XMReview #Forex #FinanceMagnates #ForexBroker #forexreview #xmbrokerreview

In this video, we take a closer look at XM (@xmglobal ) a globally recognized online broker, serving over 15 million clients worldwide. We cover their trading model, account types, fees, and the different instruments available for trading. You’ll also learn about XM’s regulation, security, educational tools, and how their platforms work.

Watch the full video to get a detailed review and find out if XM is right for your trading style.

???? Don’t forget to check out the full XM Review Listing on the Finance Magnates Directory at: https://directory.financemagnates.com/forex-brokers/xmcom/

#XM #XMReview #Forex #FinanceMagnates #ForexBroker #forexreview #xmbrokerreview


In this video, we take a closer look at XM (@xmglobal ) a globally recognized online broker, serving over 15 million clients worldwide. We cover their trading model, account types, fees, and the different instruments available for trading. You’ll also learn about XM’s regulation, security, educational tools, and how their platforms work.

Watch the full video to get a detailed review and find out if XM is right for your trading style.

???? Don’t forget to check out the full XM Review Listing on the Finance Magnates Directory at: https://directory.financemagnates.com/forex-brokers/xmcom/

#XM #XMReview #Forex #FinanceMagnates #ForexBroker #forexreview #xmbrokerreview


More Videos

  • Introducing iFX EXPO LATAM 2025


    Introducing iFX EXPO LATAM 2025

    Introducing iFX EXPO LATAM 2025


    Introducing iFX EXPO LATAM 2025

    Introducing iFX EXPO LATAM 2025


    Introducing iFX EXPO LATAM 2025

    Introducing iFX EXPO LATAM 2025


    Introducing iFX EXPO LATAM 2025

    Introducing iFX EXPO LATAM 2025


    Introducing iFX EXPO LATAM 2025

    Introducing iFX EXPO LATAM 2025


    Introducing iFX EXPO LATAM 2025

  • Crowd at iFX EXPO LATAM 2025


    Crowd at iFX EXPO LATAM 2025

    Crowd at iFX EXPO LATAM 2025


    Crowd at iFX EXPO LATAM 2025

    Crowd at iFX EXPO LATAM 2025


    Crowd at iFX EXPO LATAM 2025

    Crowd at iFX EXPO LATAM 2025


    Crowd at iFX EXPO LATAM 2025

    Crowd at iFX EXPO LATAM 2025


    Crowd at iFX EXPO LATAM 2025

    Crowd at iFX EXPO LATAM 2025


    Crowd at iFX EXPO LATAM 2025

  • Maximising Broker Growth with B2CORE’s IB Module


    Maximising Broker Growth with B2CORE’s IB Module

    Maximising Broker Growth with B2CORE’s IB Module


    Maximising Broker Growth with B2CORE’s IB Module

    Maximising Broker Growth with B2CORE’s IB Module


    Maximising Broker Growth with B2CORE’s IB Module

    In this webinar recording, Morgan Williams, Product Director at B2Core, delivers a comprehensive overview of how B2Core’s IB module empowers brokers to build and scale their Introducing Broker (IB) programs.

    Discover how B2Core streamlines IB management, from efficient trader onboarding and automated commission tracking to providing IBs with powerful tools for growth. Morgan also addresses common challenges in scaling IB networks and showcases a real-world case study demonstrating B2Core’s impact.

    ???? Stay updated with the latest in finance and trading! Follow Finance Magnates across our social media platforms for news, insights, and event updates.

    Connect with us today: ???? LinkedIn: / financemagnates
    ???? Facebook: / financemagnates
    ???? Instagram: / financemagnates_official
    ???? X: https://x.com/financemagnates?
    ???? TikTok: https://www.tiktok.com/tag/financemag…
    ▶️ YouTube: / @financemagnates_official #B2Core #IBProgram #Brokerage #FinTech #PartnerProgram #AffiliateMarketing #FinancialServices

    Don’t miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!


    In this webinar recording, Morgan Williams, Product Director at B2Core, delivers a comprehensive overview of how B2Core’s IB module empowers brokers to build and scale their Introducing Broker (IB) programs.

    Discover how B2Core streamlines IB management, from efficient trader onboarding and automated commission tracking to providing IBs with powerful tools for growth. Morgan also addresses common challenges in scaling IB networks and showcases a real-world case study demonstrating B2Core’s impact.

    ???? Stay updated with the latest in finance and trading! Follow Finance Magnates across our social media platforms for news, insights, and event updates.

    Connect with us today: ???? LinkedIn: / financemagnates
    ???? Facebook: / financemagnates
    ???? Instagram: / financemagnates_official
    ???? X: https://x.com/financemagnates?
    ???? TikTok: https://www.tiktok.com/tag/financemag…
    ▶️ YouTube: / @financemagnates_official #B2Core #IBProgram #Brokerage #FinTech #PartnerProgram #AffiliateMarketing #FinancialServices

    Don’t miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    In this webinar recording, Morgan Williams, Product Director at B2Core, delivers a comprehensive overview of how B2Core’s IB module empowers brokers to build and scale their Introducing Broker (IB) programs.

    Discover how B2Core streamlines IB management, from efficient trader onboarding and automated commission tracking to providing IBs with powerful tools for growth. Morgan also addresses common challenges in scaling IB networks and showcases a real-world case study demonstrating B2Core’s impact.

    ???? Stay updated with the latest in finance and trading! Follow Finance Magnates across our social media platforms for news, insights, and event updates.

    Connect with us today: ???? LinkedIn: / financemagnates
    ???? Facebook: / financemagnates
    ???? Instagram: / financemagnates_official
    ???? X: https://x.com/financemagnates?
    ???? TikTok: https://www.tiktok.com/tag/financemag…
    ▶️ YouTube: / @financemagnates_official #B2Core #IBProgram #Brokerage #FinTech #PartnerProgram #AffiliateMarketing #FinancialServices

    Don’t miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!


    In this webinar recording, Morgan Williams, Product Director at B2Core, delivers a comprehensive overview of how B2Core’s IB module empowers brokers to build and scale their Introducing Broker (IB) programs.

    Discover how B2Core streamlines IB management, from efficient trader onboarding and automated commission tracking to providing IBs with powerful tools for growth. Morgan also addresses common challenges in scaling IB networks and showcases a real-world case study demonstrating B2Core’s impact.

    ???? Stay updated with the latest in finance and trading! Follow Finance Magnates across our social media platforms for news, insights, and event updates.

    Connect with us today: ???? LinkedIn: / financemagnates
    ???? Facebook: / financemagnates
    ???? Instagram: / financemagnates_official
    ???? X: https://x.com/financemagnates?
    ???? TikTok: https://www.tiktok.com/tag/financemag…
    ▶️ YouTube: / @financemagnates_official #B2Core #IBProgram #Brokerage #FinTech #PartnerProgram #AffiliateMarketing #FinancialServices

    Don’t miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    In this webinar recording, Morgan Williams, Product Director at B2Core, delivers a comprehensive overview of how B2Core’s IB module empowers brokers to build and scale their Introducing Broker (IB) programs.

    Discover how B2Core streamlines IB management, from efficient trader onboarding and automated commission tracking to providing IBs with powerful tools for growth. Morgan also addresses common challenges in scaling IB networks and showcases a real-world case study demonstrating B2Core’s impact.

    ???? Stay updated with the latest in finance and trading! Follow Finance Magnates across our social media platforms for news, insights, and event updates.

    Connect with us today: ???? LinkedIn: / financemagnates
    ???? Facebook: / financemagnates
    ???? Instagram: / financemagnates_official
    ???? X: https://x.com/financemagnates?
    ???? TikTok: https://www.tiktok.com/tag/financemag…
    ▶️ YouTube: / @financemagnates_official #B2Core #IBProgram #Brokerage #FinTech #PartnerProgram #AffiliateMarketing #FinancialServices

    Don’t miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!


    In this webinar recording, Morgan Williams, Product Director at B2Core, delivers a comprehensive overview of how B2Core’s IB module empowers brokers to build and scale their Introducing Broker (IB) programs.

    Discover how B2Core streamlines IB management, from efficient trader onboarding and automated commission tracking to providing IBs with powerful tools for growth. Morgan also addresses common challenges in scaling IB networks and showcases a real-world case study demonstrating B2Core’s impact.

    ???? Stay updated with the latest in finance and trading! Follow Finance Magnates across our social media platforms for news, insights, and event updates.

    Connect with us today: ???? LinkedIn: / financemagnates
    ???? Facebook: / financemagnates
    ???? Instagram: / financemagnates_official
    ???? X: https://x.com/financemagnates?
    ???? TikTok: https://www.tiktok.com/tag/financemag…
    ▶️ YouTube: / @financemagnates_official #B2Core #IBProgram #Brokerage #FinTech #PartnerProgram #AffiliateMarketing #FinancialServices

    Don’t miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

  • Elevate Your Visibility in Africa’s Trading Hub


    Elevate Your Visibility in Africa’s Trading Hub

    Elevate Your Visibility in Africa’s Trading Hub


    Elevate Your Visibility in Africa’s Trading Hub

    Elevate Your Visibility in Africa’s Trading Hub


    Elevate Your Visibility in Africa’s Trading Hub

    ???? Africa’s online trading industry is evolving fast—will you be at the forefront? ????

    FMAS:25 is where top industry leaders, fintech innovators, and traders connect.????Don’t miss the opportunity to showcase your brand in Africa’s trading hub. Secure your spot today! ⏳

    ???? Exhibit Now ???? https://events.financemagnates.com/event/FMAS25/exhibit-sponsor

    #fmas25 #fintech #onlinetrading #forextrading #networking #finance #capetown #southafrica #summit #exhibitors #may2025


    ???? Africa’s online trading industry is evolving fast—will you be at the forefront? ????

    FMAS:25 is where top industry leaders, fintech innovators, and traders connect.????Don’t miss the opportunity to showcase your brand in Africa’s trading hub. Secure your spot today! ⏳

    ???? Exhibit Now ???? https://events.financemagnates.com/event/FMAS25/exhibit-sponsor

    #fmas25 #fintech #onlinetrading #forextrading #networking #finance #capetown #southafrica #summit #exhibitors #may2025

    ???? Africa’s online trading industry is evolving fast—will you be at the forefront? ????

    FMAS:25 is where top industry leaders, fintech innovators, and traders connect.????Don’t miss the opportunity to showcase your brand in Africa’s trading hub. Secure your spot today! ⏳

    ???? Exhibit Now ???? https://events.financemagnates.com/event/FMAS25/exhibit-sponsor

    #fmas25 #fintech #onlinetrading #forextrading #networking #finance #capetown #southafrica #summit #exhibitors #may2025


    ???? Africa’s online trading industry is evolving fast—will you be at the forefront? ????

    FMAS:25 is where top industry leaders, fintech innovators, and traders connect.????Don’t miss the opportunity to showcase your brand in Africa’s trading hub. Secure your spot today! ⏳

    ???? Exhibit Now ???? https://events.financemagnates.com/event/FMAS25/exhibit-sponsor

    #fmas25 #fintech #onlinetrading #forextrading #networking #finance #capetown #southafrica #summit #exhibitors #may2025

    ???? Africa’s online trading industry is evolving fast—will you be at the forefront? ????

    FMAS:25 is where top industry leaders, fintech innovators, and traders connect.????Don’t miss the opportunity to showcase your brand in Africa’s trading hub. Secure your spot today! ⏳

    ???? Exhibit Now ???? https://events.financemagnates.com/event/FMAS25/exhibit-sponsor

    #fmas25 #fintech #onlinetrading #forextrading #networking #finance #capetown #southafrica #summit #exhibitors #may2025


    ???? Africa’s online trading industry is evolving fast—will you be at the forefront? ????

    FMAS:25 is where top industry leaders, fintech innovators, and traders connect.????Don’t miss the opportunity to showcase your brand in Africa’s trading hub. Secure your spot today! ⏳

    ???? Exhibit Now ???? https://events.financemagnates.com/event/FMAS25/exhibit-sponsor

    #fmas25 #fintech #onlinetrading #forextrading #networking #finance #capetown #southafrica #summit #exhibitors #may2025

Read More
Tareq Sikder

Latest

Business News

‘Wareware wa Uchuujin’ Reveals Main Cast, Additional Staff, Teaser Trailer

0
Music The official X (formally...
Business News

11 Awesome Upcoming Events in Beijing

0
Music ...
Business News

‘We love you’ – Bono pays tribute to Clannad singer-songwriter and harpist Moya Brennan after death at 73

0
Music Latest Irish NewsUnions accept invitation to talks in...
Business News

BLXCKIE Previews New Song “Uphi Usomnyama”

0
MusicBLXCKIE Previews New Song “Uphi Usomnyama.” The SA...

Newsletter

Don't miss

Business News

‘Wareware wa Uchuujin’ Reveals Main Cast, Additional Staff, Teaser Trailer

0
Music The official X (formally...
Business News

11 Awesome Upcoming Events in Beijing

0
Music ...
Business News

‘We love you’ – Bono pays tribute to Clannad singer-songwriter and harpist Moya Brennan after death at 73

0
Music Latest Irish NewsUnions accept invitation to talks in...
Business News

BLXCKIE Previews New Song “Uphi Usomnyama”

0
MusicBLXCKIE Previews New Song “Uphi Usomnyama.” The SA...
Business News

How this Brisbane band remains strangely relevant, 30 years on

0
Music It’s a bit like naming a bridge after...
newsycanusehttps://newsycanuse.com

WD sees sustainability as key business driver in an ‘AI economy’

Hard drive company WD promoted long-term operations and sustainability executive Jackie Jung to become its first chief sustainability officer in February, as it steps up sales to companies building AI data centers. Her vision: Turn sustainability into a “brand” for WD, a strategy that reduces risk for the $6 billion company (formerly known as Western
Read more

5 Business Ideas Worth Starting in 2026

If there is one thing Nigerians understand well, it is how to spot opportunity inside hardship. In 2026, that mindset will matter more than ever. The economy is tough, competition is rising, and many people are looking for smarter ways to earn, build, and survive. But even in a difficult environment, some businesses still stand
Read more

Getting a business loan now comes with a frequent flyer upside

Australian fintech Prospa has partnered with Qantas Business Rewards, letting eligible SMEs earn up to 500,000 points per loan. What’s happening: Australian fintech lender Prospa has partnered with Qantas Business Rewards to allow eligible small and medium business owners to earn up to 500,000 Qantas Points per loan when taking out a Prospa Small Business
Read more