Ripple CEO: We Work With Banks, XRP is the Bridge that Powers Their Transactions

A recent tweet from 25hoursawake, a digital asset promoter, brought renewed attention to comments made by Ripple CEO Brad Garlinghouse regarding the role of XRP in Ripple’s enterprise solutions. The tweet includes a clip of Garlinghouse affirming Ripple’s commitment to using XRP to facilitate faster, more efficient cross-border payments. Brad Garlinghouse: “We work with banks, financial institutions, and payment providers — and $XRP is the bridge that powers their transactions!” BANKS #XRP pic.twitter.com/CBJ8pFwBEP — 25hoursawake (@25hoursawake) April 22, 2025 Garlinghouse explicitly outlines Ripple’s customer base in the video, distinguishing between the company and the digital asset. He notes that 95 percent of Ripple’s customers are located outside the United States and that approximately 40 percent of its business, measured in terms of payment flows, occurs within the Asia-Pacific region. He further elaborates that the company’s clients consist primarily of banks, financial institutions, and payment providers. Garlinghouse clarified the distinction between Ripple and XRP, acknowledging the frequent confusion among observers. He states, “Our customers ripple the company. Our customers are banks, financial institutions, payment providers. We build, we use the XRP Ledger, we use the token XRP to kind of facilitate these transactions. Some people get confused about which is which, but, you know, ripple the company. Our customers are all these banks and financial institutions.” XRP as a Bridge Currency for Institutional Payments The tweet highlights Ripple’s ongoing commitment to servicing institutional clients by leveraging the utility of the XRP token through the XRP Ledger. According to Garlinghouse, XRP operates as a bridge asset within Ripple’s infrastructure, offering an alternative to the slower, more expensive legacy systems traditionally used for cross-border settlements. This emphasis on utility is not new. A Times Tabloid article reinforces Garlinghouse’s statements with recent developments in the Asia-Pacific market. According to the article , Japanese financial institution SBI Holdings has expanded its use of Ripple’s payment technology into additional Southeast Asian countries, specifically the Philippines, Vietnam, and Indonesia. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 SBI Holdings Drives Regional Expansion Through XRP Citing crypto and real estate investor Mr. Man, the article notes that SBI 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. Using XRP as a bridge currency allows SBI to facilitate near-instantaneous transfers across borders. This has significant implications for remittance corridors, particularly in countries that receive substantial financial inflows from expatriate workers. Removing unnecessary intermediaries not only minimizes transaction fees but also ensures that recipients receive funds promptly. Asia-Pacific Remains a Strategic Priority for Ripple 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 Asia-Pacific, 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. XRP integration into their payment systems underscores the company’s strategy of providing a scalable and efficient solution for global value transfers. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Ripple CEO: We Work With Banks, XRP is the Bridge that Powers Their Transactions appeared first on Times Tabloid .

Source: TimesTabloid