The post XRP News Today: Ripple CEO Breaks Down How XRP Solves the $155 Trillion Global Payment Problem appeared on BitcoinEthereumNews.com.

Ripple CEO Brad Garlinghouse has once again spotlighted XRP’s transformative role in solving a $155 trillion global problem: the inefficiencies embedded in cross-border payments. Speaking in a recent video shared on social media, Garlinghouse outlined how Ripple’s use of XRP in its On-Demand Liquidity (ODL) platform is reshaping how banks and financial institutions move money internationally. XRP’s Real-Time Utility in Global Transfers At the heart of Ripple’s innovation is its ODL platform, which uses XRP as a bridge currency to enable real-time currency conversion. According to Garlinghouse, the process eliminates the need for traditional pre-funded accounts and multiple intermediary banks. Ripple CEO Brad Garlinghouse asserts that XRP is uniquely positioned to address global payment challenges at scale. Source: Amelie via X “We’re talking about payment flow that might be going from dollar to Mexican Peso,” Garlinghouse explained. “You’re holding a dollar, you’re selling that dollar and buying XRP. You’re moving that XRP across the XRP Ledger to Bitso, for example, then selling the XRP and buying Mexican Peso.” This real-time conversion model significantly reduces settlement times—from several days to mere seconds—and slashes transaction costs. Instead of capital sitting idle in nostro-vostro accounts around the globe, institutions can leverage XRP’s liquidity to complete transactions more efficiently. A Remedy to Legacy Banking Bottlenecks Traditional correspondent banking relies heavily on pre-funded accounts and third-party intermediaries, resulting in costly delays. Ripple’s ODL aims to overhaul that system. XRP enables banks to bridge fiat currencies directly, without relying on multiple layers of clearing. EU exchanges must delist USDT by March 2025, a shift Brad Garlinghouse says could boost RLUSD. Source: Amelie via X Garlinghouse framed it this way: “By enabling that liquidity to move from dollar to Peso in real time, you’re changing how the oil is greasing the engine of correspondent banking.” This function…

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Filed under: News - @ June 8, 2025 5:23 pm