Ripple's XRP Powers 40% of Asia-Pacific Payments, SBI Expands Use
1min read Ripple CEO Brad Garlinghouse recently emphasized the role of XRP in facilitating faster and more efficient cross-border payments for financial institutions. In a tweet shared by digital asset promoter 25hoursawake, Garlinghouse stated, “We work with banks, financial institutions, and payment providers — and $XRP is the bridge that powers their transactions!” This statement underscores Ripple’s commitment to leveraging XRP to enhance the speed and efficiency of international transactions.
Garlinghouse clarified that Ripple’s customer base primarily consists of banks, financial institutions, and payment providers, with 95 percent of its clients located outside the United States. Approximately 40 percent of Ripple’s business, in terms of payment flows, occurs within the Asia-Pacific region. He also addressed the common confusion between Ripple the company and the XRP digital asset, stating that Ripple builds and uses the XRP Ledger and the XRP token to facilitate transactions for its institutional clients.
XRP serves as a bridge asset within Ripple’s infrastructure, offering an alternative to traditional, slower, and more expensive legacy systems for cross-border settlements. This utility of XRP is further highlighted by recent developments in the Asia-Pacific market, where Japanese financial institution SBI Holdings has expanded its use of Ripple’s payment technology into additional Southeast Asian countries, including the Philippines, Vietnam, and Indonesia.
SBI Holdings has been actively using XRP to improve the speed and affordability of cross-border payments. By integrating Ripple’s infrastructure, SBI can bypass multiple intermediaries traditionally involved in global money transfers, reducing associated costs and processing delays. This integration allows for near-instantaneous transfers across borders, which is particularly beneficial for remittance corridors in countries that receive substantial financial inflows from expatriate workers. Removing unnecessary intermediaries minimizes transaction fees and ensures that recipients receive funds promptly.
The recent attention on Garlinghouse’s remarks and SBI’s practical deployment of Ripple’s technology illustrates an ongoing and growing reliance on XRP for real-world financial use cases. Ripple’s strategic focus on international markets, especially in the Asia-Pacific region, continues to reflect its operational reality: most of its business originates from outside the United States. As Garlinghouse reiterates, Ripple’s partnerships remain centered on financial institutions, with XRP integration into their payment systems underscoring the company’s strategy of providing a scalable and efficient solution for global value transfers.
