In today’s XRP news, four confirmed corporate partnerships, SBI Remit, Tranglo, Azimo and Nium, are routing cross-border remittances live through Ripple’s network, with XRP acting as a bridge asset. The global remittance market generates more than $700 billion annually, and existing remittance systems still levy 6-8% fees on each transfer.
The central tension worth addressing here is that XRP has a credible utility story, but the gap between “companies using RippleNet” and “companies burning XRP as liquidity” is extremely important to whether corporate adoption translates into structural demand for tokens.
This drop in institutional data came as XRP jumped +5.2% overnight, one of the best performers among large caps over the past 24 hours, while daily trading volume also reached $3.4 billion, up about 20% from yesterday’s figure.
Hello crypto world. $XRP $1.24.
Wave (4) is over. We are moving.
The corner broke. Resetting the RSI. Demand remained exactly where it was needed.
No one believed it at its lowest point. That was the goal.
Now the chart speaks.$1.61 is the first wall. We clear that and the way… pic.twitter.com/0EweBgKArI
— Evan Clegg (@cleggzonehq) June 15, 2026
XRP News Today: What RippleNet and ODL Really Do
RippleNet is Ripple’s blockchain-based payment messaging network – think of it as a faster, cheaper alternative to SWIFT’s correspondent banking rails. On-Demand Liquidity (ODL), now also known as Ripple Payments, goes even further: it uses XRP as an intermediary asset to move value between two fiat currencies in seconds, eliminating the need to pre-fund accounts at foreign banks.
Pre-financing is the hidden cost that most people forget about. A money transfer company that sends dollars to Philippine pesos traditionally puts its capital in a bank account in Manila just to have it ready, with dead money earning nothing. ODL replaces this with real-time XRP conversion on every transaction, freeing up this working capital entirely.
Industry analyzes cited by financial research platforms estimate that eliminating system-wide pre-funded accounts could unlock up to $27 trillion in dormant liquidity globally, currently sitting unused in nostro and vostro accounts, the interbank accounts that correspondent banks maintain with each other to settle cross-border payments.
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The four companies and what they actually do
If you hold Ripple:Native, you should know this
Ripple is connected to some of the largest cross-border payment companies in the world
Ripple’s North Star is XRP
Over time, XRP will become more deeply integrated into business payment flows
Let me show you the receipts in this… pic.twitter.com/jAaY2vQnmR
– X Finance Bull (@Xfinancebull) June 14, 2026
Mandate of the SBIJapan’s largest money transfer provider, launched an international transfer service based on XRP in September 2023, jointly announced by SBI Remit, SBI VC Trade, Ripple and SBI Ripple Asia. The service covers corridors to the Philippines, Vietnam and Indonesia, high-volume remittance routes where speed and cost savings are measurable by consumer outcomes, not just spreadsheets.
Tranglo is the regional payment center that supports these corridors. Ripple acquired a 40% stake in the company in 2021 to expand ODL across Southeast Asia. According to the Tranglo website, “ODL leverages the digital asset XRP to facilitate low-cost cross-border payments on RippleNet.” Tranglo also manages payments for SBI Remit’s XRP-based expansion, meaning a single new remittance corridor can drive growing demand for XRP between the two entities.
AzimoDescribed as Europe’s first digital money transfer service, uses ODL for payments to the Philippines. According to Azimo partnership documentation cited by crypto analyst X Finance Bull (@Xfinancebull), “ODL uses the digital asset XRP and has the potential to reduce liquidity costs by up to 60% compared to traditional banking solutions. » This 60% figure refers specifically to liquidity costs, working capital overheads, and not total expenses, a distinction that matters when evaluating the claim.
Niuma cross-border payments company based in Singapore, is using RippleNet to open payment corridors from the Americas to Southeast Asia. A Ripple customer case study confirms the integration, although the use of Nium is closer to the RippleNet messaging layer than the full ODL liquidity function.
X Finance Bull, whose thread mapped these four relationships, said: “Ripple is not building for a hypothetical future. It is processing real remittances today.”
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How big is the XRP enterprise network really?
Furthermore, Ripple’s “Movement” investment category includes four companies, but its network includes more than 300 financial institutions that use RippleNet, such as Santander and PNC.
Regional liquidity hubs like Bitso in Mexico and Coins.ph in the Philippines facilitate local currency conversions for consumer payments, supporting XRP-powered corridors that handle more than $15 billion in monthly flows across 55 countries.
This configuration has saved users more than $1.5 billion in fees compared to traditional systems. Additionally, a 2023 US court ruling clarified that sales of XRP on exchanges are not considered securities, reducing legal risks for institutions interested in XRP liquidity solutions and positively impacting institutional investments.
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The article XRP News: Four Companies Using Ripple for Cross-Border Payments appeared first on 99Bitcoins.
