XRP News Today: XRP Highlighted for Wholesale Applications in Domestic Zones by Zumo Report

Crypto researcher SMQKE highlighted a recent insight from a Zumo report, identifying Ripple’s XRP token as a highly suitable candidate for wholesale applications within single-currency domestic zones. The assessment is featured in Zumo’s publication, titled “Digital assets 2023: identifying the opportunities across the enterprise landscape.” The report emphasizes the specific benefits of distributed ledger technology (DLT) in business-to-business (B2B) digital asset payments.

The report underscores the inefficiencies and friction associated with converting cryptoassets into local fiat currencies, which remain a core challenge in early-stage enterprise adoption. Many crypto-based payments currently require off-ramps back into fiat to complete transactions or satisfy regulatory, tax, and accounting requirements. This hinders their seamless integration into operational payment flows.

Zumo highlights several blockchain projects that aim to address these cost and conversion issues. Ripple is mentioned directly alongside Stellar in the context of working to reduce these frictions, with the report calling out XRP and its intermediary token role as part of this effort. The authors write that the XRP token is “attractive for wholesale applications in domestic/single-currency-zone contexts, where blockchain/DLT-derived advantages (cost/speed/programmability/automated reconciliation) can potentially be realized without the awkwardness of the digital asset <> fiat bridge.”

This analysis suggests that XRP’s architecture and integration features make it particularly well-suited for domestic wholesale environments, where the need to convert between different fiat currencies is removed. Institutions can more directly benefit from blockchain’s technical efficiencies. The commentary aligns with Ripple’s long-standing positioning of XRP as a liquidity and settlement token for financial institutions and enterprises. By eliminating the need for complex cross-border fiat bridges in domestic contexts, XRP may offer banks and corporations a viable path to DLT integration without requiring full-scale disruption of existing fiat systems.

This has implications for how enterprise-grade blockchain infrastructure may be deployed in the near term, focusing first on domestic efficiencies before scaling into more complex, cross-border models. The Zumo report also includes a statement from HSBC Managing Director Mark Williamson, reinforcing the broader challenges surrounding Central Bank Digital Currencies (CBDCs) and digital assets in cross-border use. Williamson emphasizes the need to solve what he calls the “CBDC Rubik’s cube,” encompassing wholesale and retail models, token- and account-based systems, as well as primary and secondary market integration. The inclusion of such commentary further contextualizes the digital asset landscape, within which XRP is positioned as a practical tool for enterprise-level financial applications.

SMQKE’s tweet underscores growing institutional acknowledgment of XRP’s potential in practical, regulated settings. The recognition of XRP’s advantages—specifically cost reduction, speed, and programmability—adds to the token’s evolving narrative as a purpose-built settlement mechanism within tokenized finance frameworks. As enterprises continue to evaluate and adopt blockchain solutions, XRP’s utility in streamlined, domestic payment environments may become increasingly relevant.