Ripple Expands Payments Platform to 60+ Markets

Ripple, the San Francisco-based financial technology company, announced on Tuesday an expansion of its Ripple Payments platform into a comprehensive infrastructure that integrates traditional currency and stablecoin operations for banks and fintech firms across more than 60 global markets.

The upgraded platform enables businesses to handle the full payment lifecycle—collection, custody, conversion, and payout—through a single interface, eliminating the need for multiple vendors and reducing reliance on prefunded overseas accounts or slow correspondent banking networks. This streamlines cross-border transactions, allowing funds to move in minutes rather than days, according to company statements. Ripple Payments has processed over 100 billion dollars in total transaction volume to date, connecting financial institutions via blockchain-based settlement rails powered by the XRP Ledger.

The enhancements draw on Ripple's recent acquisitions of Palisade, which provides custody services and treasury automation for provisioning wallets and operational accounts, and Rail, purchased for 200 million dollars in August 2024. Rail adds virtual account functionality and automated collection...