Ripple co-founder Chris Larsen explained how XRP can facilitate faster and cheaper remittances between the US and Mexico by acting as a bridge currency. In this model, US dollars are converted to XRP, transferred quickly, and then converted into Mexican pesos for deposit, reducing the need for pre-funded foreign currency accounts. This process can settle payments in one to two minutes, compared to days with traditional methods, lowering liquidity costs for payment providers. Banks wouldn't need to hold XRP themselves, making it a practical solution for cross-border payments.
XRP cross-border payments are the story's subject, with this market snapshot from Pluang as of Oct 25, 2026 03:51 WIB: Among 50 major cryptocurrencies, 4 rose and 45 fell today. Notable movers include SNX at Rp3.570 (-4.75%, 0% Sell / 100% Buy), VET at Rp123 (-4.54%, 68% Sell / 32% Buy), and NEO at Rp37.934 (-4.24%).
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