- Ripple processed more than $13 trillion worth of payments last year.
- Brad Garlinghouse, the CEO of Ripple, made the claim during the Consensus conference by Coindesk.
- The payments were processed on the Ripple Net ecosystem, which contains XRP, RLUSD, the XRP Ledger, Ripple ODL, and a few minor products by Ripple.
- In comparison, Visa processed $16 trillion worth of payments last year.
Ripple Could Unseat Visa as the Largest Payment Network
Ripple CEO Brad Garlinghouse made a shocking claim at the Consensus Conference by CoinDesk: the Ripple ecosystem processed more than $13 trillion in payments through its crypto ecosystem and blockchain, putting it very close to Visa, which processed $16.7 trillion in payments in 2025.
If this trend continues, it could easily unsettle Visa as the largest payment processor in the coming one or two years.
Banks have been increasingly partnering with Triple to process their internal payments as well as international settlements, and Ripple is being actively used by several global financial institutions.
The Ripple Ecosystem
The Ripple ecosystem consists of several products created by Ripple Labs, such as:
- XRP, the ecosystem’s main token, is used to pay transaction fees.
- RLUSD, the stablecoin created to process payments on Ripple.
- The XRP ledger, which is the Blockchain that powers the entire Republic ecosystem.
- Ripple ODL, the on-demand liquidity platform created by Ripple, to process payments quickly and convert them to fiat as soon as possible.
The use of this ecosystem is that whenever a large payment is to be made, ODL helps with a quick conversion between fiat and crypto, such as RLUSD. The XRP Ledger is then used to transfer the amount, and finally the receiver converts the RLUSD into fiat. All these take place within a few minutes as compared to days in traditional settlements.
Why Blockchain-based Settlements are Preferred?
Blockchain-based payment settlements are preferred over traditional fiat-based settlements because blockchain payments are faster, cheaper, and more efficient than traditional channels.
In our experience with business payments, we have used PayPal and SWIFT; it takes at least 3 to 5 working days to process a fiat-based international payment, whereas with a stablecoin, the process takes only 10 minutes, from wallet login to redemption on the receiver’s side.
Further, in many regions across the world, crypto payments are only taxed when they are converted to fiat, which means the balance can be kept inside a wallet without any tax liability. Further, there are several business payments that can be made in crypto, too.
As a result, even traditional banks, which used to vehemently oppose crypto a few years back, have now adopted crypto-based payment settlements.
Disclaimer: BFM Times acts as a source of information for knowledge purposes and does not claim to be a financial advisor. Kindly consult your financial advisor before investing.
