Financial firms are testing XRP for faster payments; MasterCard highlights real-world use.
The report mentions SBI Remit, using XRP as a bridge currency, like MoneyGram and Stellar.
Major financial institutions are increasingly testing
digital assets, including XRP, to improve cross-border payments. A recent
report by Mastercard, titled “Blockchain Technology Fuels New Remittances
Business Cases,” highlights several examples of blockchain applications in
remittance systems.
Speculation has resurfaced around a possible
integration of Ripple’s XRP with SWIFT, the global messaging network for
cross-border transactions. Previous reports have indicated that banks have
tested XRP’s compatibility with SWIFT. If confirmed, such a partnership could
significantly boost XRP adoption among global financial institutions.
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SBI Remit Uses XRP for Transfers
The report also mentions SBI Remit, a Japanese money
transfer service that uses XRP as a bridge currency. It places SBI alongside
earlier examples such as MoneyGram and Stellar, suggesting a broader trend of
using cryptocurrencies to cut costs and speed up cross-border transactions.
Source: Binance
Ripple, the company behind XRP, has long positioned the
token as a bridge asset for converting one fiat currency to another. This
approach eliminates the need for pre-funded accounts in multiple currencies and
aims to enhance liquidity in regions underserved by traditional banking
systems.
Mastercard’s reference to Ripple and XRP adds credibility to
the token’s role in remittances. It signals that mainstream payment firms are
now taking a closer look at blockchain infrastructure. The inclusion gives
Ripple added visibility in the financial ecosystem.
SBI Remit’s ongoing use of XRP in Asia further illustrates
how digital assets are being integrated into real-world payment systems. The
Mastercard report underscores that blockchain solutions are being evaluated
across regions and technologies.
In parallel, the Federal Reserve and international
organizations like the Bank for International Settlements (BIS) are also
exploring ways to enhance cross-border payments. Ripple is reportedly
participating in a BIS task force focused on reducing costs and improving
interoperability.
Ripple Advances in Cross-Border Payments, DeFi, and
Strategic Partnerships
In South Korea, BDACS
plans to use Ripple Custody for securing XRP and RLUSD. Ripple also donated
$100,000 in XRP for California wildfire relief. The company anticipates that
Japanese banks will adopt the XRP Ledger by 2025 for cross-border payments.
In the DeFi space, Ripple has teamed up with Chainlink to
integrate RLUSD into Ethereum platforms. Investor interest in XRP remains
strong, with whales
acquiring 520 million tokens during a recent price dip.
Major financial institutions are increasingly testing
digital assets, including XRP, to improve cross-border payments. A recent
report by Mastercard, titled “Blockchain Technology Fuels New Remittances
Business Cases,” highlights several examples of blockchain applications in
remittance systems.
Speculation has resurfaced around a possible
integration of Ripple’s XRP with SWIFT, the global messaging network for
cross-border transactions. Previous reports have indicated that banks have
tested XRP’s compatibility with SWIFT. If confirmed, such a partnership could
significantly boost XRP adoption among global financial institutions.
This above is an advertisement by Utip
SBI Remit Uses XRP for Transfers
The report also mentions SBI Remit, a Japanese money
transfer service that uses XRP as a bridge currency. It places SBI alongside
earlier examples such as MoneyGram and Stellar, suggesting a broader trend of
using cryptocurrencies to cut costs and speed up cross-border transactions.
Source: Binance
Ripple, the company behind XRP, has long positioned the
token as a bridge asset for converting one fiat currency to another. This
approach eliminates the need for pre-funded accounts in multiple currencies and
aims to enhance liquidity in regions underserved by traditional banking
systems.
Mastercard’s reference to Ripple and XRP adds credibility to
the token’s role in remittances. It signals that mainstream payment firms are
now taking a closer look at blockchain infrastructure. The inclusion gives
Ripple added visibility in the financial ecosystem.
SBI Remit’s ongoing use of XRP in Asia further illustrates
how digital assets are being integrated into real-world payment systems. The
Mastercard report underscores that blockchain solutions are being evaluated
across regions and technologies.
In parallel, the Federal Reserve and international
organizations like the Bank for International Settlements (BIS) are also
exploring ways to enhance cross-border payments. Ripple is reportedly
participating in a BIS task force focused on reducing costs and improving
interoperability.
Ripple Advances in Cross-Border Payments, DeFi, and
Strategic Partnerships
In South Korea, BDACS
plans to use Ripple Custody for securing XRP and RLUSD. Ripple also donated
$100,000 in XRP for California wildfire relief. The company anticipates that
Japanese banks will adopt the XRP Ledger by 2025 for cross-border payments.
In the DeFi space, Ripple has teamed up with Chainlink to
integrate RLUSD into Ethereum platforms. Investor interest in XRP remains
strong, with whales
acquiring 520 million tokens during a recent price dip.
Gold Hits All Time High $4,420 as Dollar Weakens and Geopolitical Risks Rise
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
FINANCE MAGNATES LONDON SUMMIT 2025
FINANCE MAGNATES LONDON SUMMIT 2025
The FMLS:25 highlights video is now live - a look back at the conversations, the energy on the floor, and the moments that shaped this year’s summit.
While that’s still fresh, the next launches across the FM Events portfolio are already taking shape.
FM Singapore takes place on the 12-14 of May, connecting the APAC market with its own distinct audience and priorities. FMAS:26 heads to Cape Town on 26–27 May shortly after, bringing the focus to Africa’s trading and fintech ecosystem.
Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go
The FMLS:25 highlights video is now live - a look back at the conversations, the energy on the floor, and the moments that shaped this year’s summit.
While that’s still fresh, the next launches across the FM Events portfolio are already taking shape.
FM Singapore takes place on the 12-14 of May, connecting the APAC market with its own distinct audience and priorities. FMAS:26 heads to Cape Town on 26–27 May shortly after, bringing the focus to Africa’s trading and fintech ecosystem.
Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go
