The global financial landscape is undergoing a digital transformation, and at the heart of this shift lies XRP — the native cryptocurrency of the Ripple network. As cross-border payments become faster, cheaper, and more efficient, a growing number of companies are integrating XRP into their operations. Currently, 37 companies are leveraging XRP either as a payment method or to power international remittances.
Among them, 24 organizations have adopted Ripple’s innovative cross-border payments solution known as On-Demand Liquidity (ODL) — previously branded as xRapid. ODL utilizes XRP as a bridge currency to facilitate real-time, low-cost international transactions without the need for pre-funded nostro accounts. This model significantly reduces capital requirements and increases operational efficiency for financial institutions.
While Ripple has not publicly disclosed the full list of ODL adopters, extensive research and industry reports have identified 19 confirmed users. These companies span multiple continents and include money transfer services, banks, digital asset exchanges, and fintech innovators.
On-Demand Liquidity Adopters: Real-World Use Cases
Ripple officially launched xRapid for commercial use in October 2018, emphasizing its compliance with global regulatory standards and its ability to streamline cross-border settlements. Since then, ODL has gained traction among forward-thinking financial players seeking scalable alternatives to traditional banking rails.
Here are the known companies actively using On-Demand Liquidity:
- Interbank – One of Peru’s largest banks, which announced its integration plans during Ripple’s 2019 Swell conference.
- MoneyGram – A major international money transfer service that publicly endorsed XRP and ODL as ideal tools for global settlements.
- TransferGo – A UK-based fintech enabling fast cross-border payments across Europe and beyond.
- Euro Exim Bank – The first bank to implement xRapid, supporting transactions across more than 80 countries.
- FlashFX – An Australian platform that brought blockchain-powered currency solutions to mainstream users.
- goLance – A digital payments platform focused on emerging markets.
- Nium (formerly InstaReM) – A Singapore-based payments network offering instant cross-border transfers.
- Bittrex – One of the largest U.S.-based cryptocurrency exchanges to integrate XRP-powered settlements.
- Bitso – A leading Mexican crypto exchange enhancing remittance efficiency with XRP.
- Coins.ph – A Philippine fintech enabling mobile payments and remittances via blockchain.
- Bitstamp – A European crypto exchange that expanded its support for XRP-based transaction infrastructure.
- Cuallix – A U.S.-Mexico remittance corridor provider streamlining binational transfers.
- Mercury FX – A UK-based foreign exchange provider serving institutional clients.
- Catalyst – A payment solutions firm focusing on Latin American markets.
- SBI Virtual Currencies – A Japanese digital asset arm of SBI Holdings, exclusively listing XRP at launch.
- IDT Corporation – A telecom and payment services company with global reach.
- Viamericas – A remittance platform connecting North and South America.
- SendFriend – A MIT and Mastercard-backed platform improving diaspora remittances.
- Bitrue – A Singaporean exchange embracing XRP for faster settlement cycles.
These early adopters highlight the versatility of ODL in reducing friction in international finance — from retail remittances to institutional forex trading.
👉 Discover how blockchain is revolutionizing global payments — explore the future of liquidity.
Beyond ODL: 13 Companies Embracing XRP as Payment or Utility
In addition to ODL users, 13 other companies are integrating XRP directly into their business models — accepting it as payment, using it to reward users, or building platforms around its fast settlement capabilities.
Key examples include:
- Travala – A travel booking platform that accepts XRP for hotel and flight reservations.
- R3 – Developer of the Corda blockchain platform, which launched an app enabling global payments in XRP after resolving legal matters with Ripple.
- Omni – A protocol built on Bitcoin’s blockchain that supports tokenized assets, including USDT, with strong endorsements for XRP’s liquidity potential.
- Transpaygo – A crypto-friendly remittance service expanding access to digital asset transfers.
- JNFX – A foreign exchange provider incorporating XRP into its digital settlement stack.
- AsiaMTM – A manufacturing technology firm now accepting XRP for product purchases.
- Arrington Capital – A venture fund led by TechCrunch founder Michael Arrington, which executed a $50 million XRP transfer in just three seconds for a fraction of a cent.
- Coil – A web monetization platform that used XRP Ledger’s technology to enable micropayments for content creators.
- Nexo – A crypto lending platform that added XRP support following collaboration with the Bill & Melinda Gates Foundation.
- FTCS – A financial technology consultancy integrating XRP into client solutions.
- BiChip – A Danish hardware company experimenting with crypto payments, including XRP.
- Selly – An e-commerce enabler allowing merchants to accept XRP directly.
- XRP Tip Bot – A social media tool enabling users to send small amounts of XRP as rewards or tips on platforms like Twitter.
These implementations demonstrate XRP’s growing utility beyond institutional finance — extending into e-commerce, venture capital, and decentralized content monetization.
Frequently Asked Questions (FAQ)
What is On-Demand Liquidity (ODL)?
On-Demand Liquidity is Ripple’s solution for cross-border payments that uses XRP as a bridge currency. Instead of pre-funding accounts in destination currencies, institutions convert fiat to XRP and then to local currency upon receipt — reducing capital lockup and transaction costs.
Is XRP only used by crypto companies?
No. While several crypto exchanges use XRP, many adopters are licensed financial institutions, banks, and remittance providers. These entities value XRP for its speed, scalability, and regulatory compliance when integrated through RippleNet.
How fast are XRP transactions?
XRP transactions settle in 3–5 seconds on average, with minimal fees — making it one of the fastest digital assets for global value transfer.
Why do companies choose ODL over traditional SWIFT?
Traditional SWIFT transfers can take days and require pre-funded accounts in multiple jurisdictions. ODL eliminates this need, cuts costs by up to 70%, and enables real-time settlement — a game-changer for businesses operating across borders.
Can individuals use ODL?
Currently, ODL is primarily used by businesses and financial institutions. However, consumers benefit indirectly through faster, cheaper remittances offered by ODL-powered services like MoneyGram or TransferGo.
Is Ripple decentralized like Bitcoin?
Ripple operates a permissioned network with validator nodes selected by Ripple Labs and partners. While not fully decentralized like Bitcoin, it prioritizes speed, compliance, and interoperability with traditional finance systems.
👉 See how top fintech innovators are leveraging digital assets for real-world impact.
Core Keywords Integration
This article naturally incorporates key terms such as XRP, Ripple, On-Demand Liquidity, cross-border payments, ODL, international remittances, blockchain payments, and financial innovation — all central to understanding the evolving role of digital assets in modern finance.
These keywords reflect high search intent among professionals, investors, and tech enthusiasts exploring the intersection of cryptocurrency and global finance.
The Future of XRP Adoption
As regulatory clarity improves and blockchain infrastructure matures, more institutions are expected to follow suit. The current base of 37 companies using XRP serves as a strong foundation for broader adoption — especially in regions where remittance costs remain high and banking access is limited.
With Ripple continuing to expand its RippleNet ecosystem — now boasting over 300 financial partners — the integration of XRP through ODL and direct payment channels is poised for exponential growth.
Whether it's a bank in Latin America processing faster payroll transfers or an online retailer accepting crypto payments, XRP is proving to be more than just a speculative asset — it's becoming a functional tool in the new era of digital finance.
👉 Stay ahead of the curve — explore how next-gen financial tools are reshaping global commerce.