Pundit Says If You Hold XRP, You Need to Know This

The global remittance market moves over $700 billion annually. Workers send wages home, and businesses settle cross-border invoices. Most of that money still travels through slow, expensive legacy systems that charge 6-8% in fees.

A growing number of major payment companies have quietly shifted to a different infrastructure. Ripple’s network sits at the center of it, with XRP serving as the bridge asset.

Crypto analyst X Finance Bull (@Xfinancebull) posted a detailed thread mapping Ripple’s confirmed enterprise payment relationships. The thread traces four companies operating under Ripple’s “Movement” investment category: Azimo, Nium, SBI Remit, and Tranglo.

SBI Remit: Direct XRP Utility Out of Japan

X Finance Bull identifies SBI Remit as Japan’s largest money transfer provider. In September 2023, SBI Remit, SBI VC Trade, Ripple, and SBI Ripple Asia jointly announced the launch of an XRP-based international money transfer service to the Philippines, Vietnam, and Indonesia.

SBI has supported XRP for years, and this live, operational usage is one of many initiatives that link the institution to XRP.

Tranglo: the Regional Payout Hub

Ripple acquired a 40% stake in Tranglo in 2021 to scale RippleNet and its On-Demand Liquidity (ODL) service. According to Tranglo’s website, “ODL leverages the digital asset XRP to facilitate low-cost cross-border payments on RippleNet.” Remittance providers using ODL no longer need to pre-fund accounts at financial intermediaries, which cuts working capital costs.

Tranglo also processes payouts for SBI Remit’s XRP-based expansion corridors into Southeast Asia. He points out the compounding nature of this. Tranglo is a hub, and every new corridor routed through it can generate additional demand for XRP.

Azimo: 60% Cost Reduction Through ODL

He turned to Azimo next, describing it as Europe’s leading digital money transfer service, which partnered with Ripple to send payments to the Philippines using ODL. The source document states, “ODL uses the digital asset XRP and has the potential to reduce liquidity costs by up to 60% compared to traditional banking solutions.”

Nium: RippleNet Corridors Into Southeast Asia

X Finance Bull then covers Nium, a Singapore-based digital cross-border payments company that began using Ripple’s blockchain technology to process real-time transactions. Ripple’s customer case study confirms the RippleNet relationship, with Nium using it to open payment corridors from the Americas into Southeast Asia.

What the Connections Show

X Finance Bull stated, “Ripple isn’t building for a hypothetical future. It’s processing real remittances today.” SBI Remit, Tranglo, Azimo, and Nium represent confirmed institutional adoption across multiple continents. Some run XRP through ODL.

Others strengthen the RippleNet ecosystem that XRP anchors. Together, they establish a pattern of real utility in a market where speed and cost savings translate to measurable results.

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 advised to conduct thorough 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 Pundit Says If You Hold XRP, You Need to Know This appeared first on Times Tabloid.