The partnership between Ripple and Travelex Bank is gaining renewed attention as Travelex expands its use of Ripple Payments for near-instant cross-border settlement. At the same time, the US Faster Payments Council has named Ripple among the key innovators driving G20 payment modernization.

Key highlights:

  • Travelex Bank uses Ripple Payments to reduce costs and enable near-instant settlement, building on its 2022 On-Demand Liquidity integration.

  • The US Faster Payments Council identifies Ripple alongside Stellar as leading innovators in global payments transformation.

  • The G20 roadmap targets 75% of cross-border payments settled within one hour by 2027, with costs as low as $0.01 per transaction.

Travelex Bank, the first foreign exchange bank licensed by Brazil’s central bank, now leverages the XRP Ledger to settle transactions in seconds instead of days required by traditional banking systems.

Expansion in Brazil’s massive payments market

Brazil handles over $780 billion in annual cross-border payment flows. Ripple’s deeper integration allows Travelex to cut operational costs, remove intermediaries, and provide 24/7 settlement. Its regulatory position also makes blockchain adoption more streamlined compared to traditional banks.

Significance of US recognition

Recognition by the US Faster Payments Council highlights a major shift in perception of blockchain infrastructure, especially following Ripple’s legal dispute with the U.S. Securities and Exchange Commission.

Under the G20 roadmap:

  • By 2027: 75% of cross-border payments settled within one hour

  • Ultra-low transaction costs

  • By 2030: 90% global access to cross-border payment services

Ripple’s infrastructure, compliant with ISO 20022, is positioned to meet these targets directly.

Strong global expansion in April 2026

April 2026 marks Ripple’s most aggressive institutional expansion:

  • Partnerships in South Korea with KBank and Kyobo Life Insurance

  • Acquisition of BC Payments Australia for regulatory licensing

  • Regulatory approvals across Singapore, UAE, the UK, and Ireland

Notably, SWIFT is testing Ripple’s technology, where XRP offers 3–5 second settlement times and costs as low as $0.0002 per transaction—directly competing with legacy payment rails.

The US Faster Payments Council report does not constitute formal endorsement, but rather identifies Ripple as a key innovator within the G20 payments modernization framework.