Following Ripple’s landmark victory in its legal battle with the SEC, Ripple’s blockchain payment system and its native token, XRP, are gaining renewed global attention. The Institute of International Finance (IIF) recently highlighted XRP as a faster and more cost-effective solution for cross-border payments, particularly in regions underserved by traditional banking systems. XRP serves as a bridge asset, facilitating near-instant settlements without the need for multiple banking intermediaries.
"In this January consultation with the BIS, the Institute of International Finance (IIF) responded on how to strengthen cross-border payments. The mention of XRP on Ripple's network as an alternative rail was notable. Stablecoins were also discussed, though RLUSD was likely too new for consideration."
— WrathofKahneman (@WKahneman), May 13, 2025
According to crypto analyst WrathofKahneman (WOK), this recognition came through the IIF’s feedback to a January 2025 consultation by the Bank for International Settlements (BIS), part of the G20’s roadmap to enhance global payments. The document acknowledged Ripple and XRP for providing innovative infrastructure for value transfer, addressing the inefficiencies of traditional banking models.
Stablecoins Receive Recognition — RLUSD Excluded
The IIF’s report also emphasized the role of stablecoins like USDC, PYUSD, and Coinbase’s Base blockchain in enabling fast, affordable international transactions. However, Ripple’s stablecoin, RLUSD, was not included, likely due to its recent launch in December 2024. Since then, RLUSD has been integrated into Ripple Payments, expanding its utility within Ripple’s ecosystem.
Growing Institutional Recognition for Ripple
Ripple and XRP have garnered praise from multiple institutions. Last year, Mastercard highlighted SBI Remit, a Ripple partner, for using XRP in remittances. XRP was also featured in a World Bank report and cited by the IMF and World Economic Forum as a valuable tool for modernizing financial systems. Morgan Stanley has even suggested Ripple as a potential alternative to SWIFT.
Although RLUSD was overlooked this time, Ripple and XRP continue to gain traction in global finance. With increasing institutional adoption and blockchain integration, Ripple’s cross-border payment technology is becoming a standout solution.
FAQs
How does XRP enhance cross-border payments?
XRP acts as a bridge asset, enabling near-instant, low-cost transactions without relying on traditional banking intermediaries.
Is Ripple gaining momentum post-SEC lawsuit?
Yes, Ripple’s legal victory has spurred global adoption and institutional recognition for its cross-border payment solutions.
What role do stablecoins play in international payments?
Stablecoins like USDC and PYUSD offer fast, affordable alternatives for global transactions, though newer entrants like RLUSD may take time to gain traction.
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