Ripple Highlights RLUSD's Role in Expanding $31.6 Trillion Cross-Border Payments Market

Ripple Unveils Cross-Border Payments Solutions to Revolutionize the Global Market

In its recent Cross-Border Payments Guide, blockchain leader Ripple has demonstrated how its products—XRP and RLUSD—power the Ripple Payments network to transform cross-border transactions. This rapidly growing market is projected to hit $50 trillion in volume within the next decade.

Ripple's press release highlights that cross-border payments serve as a cornerstone of the global economy, enabling international trade and expansion. In 2024 alone, the payments market reached a staggering $31.6 trillion in volume.

As business needs evolve, so does the payments industry. The emergence of cryptocurrency has introduced innovative blockchain solutions, reshaping how money moves across borders.

Traditional cross-border payment systems rely on multiple intermediaries—banks, payment platforms, and fintech companies—requiring currency conversions and regulatory approvals. SWIFT, the most recognized system, operates through nostro and vostro accounts. Ripple's crypto-powered solutions streamline this process, offering faster, cheaper, and more efficient alternatives.

Ripple's Solutions: XRP and RLUSD

Ripple Payments is transforming global transactions by leveraging XRP and its newly introduced RLUSD stablecoin. By eliminating intermediaries and the nostro-vostro account system, Ripple establishes blockchain-based payment rails.

XRP and RLUSD provide businesses with a fast, reliable, and cost-effective solution that offers full transparency—users can track payment status in real time. Launched in December, RLUSD represents Ripple's strategic move into the expanding payments and stablecoin markets.

Following its debut, RLUSD quickly gained listings on major exchanges. Within the past 24 hours, Euler Labs and Bitget have both added support for the stablecoin, signaling growing adoption.