Can XRP Hit $1? Over 500 Companies Use Ripple as a Bridge Currency
The question on every crypto enthusiast's mind: Can XRP reach $1? A significant factor influencing its potential lies in Ripple's innovative use of XRP as a bridge currency. Following Fiona Murray, Ripple’s VP of Sales in APAC (Asia-Pacific), more than 500 companies have partnered with the fintech company and use XRP as a bridge currency, highlighting the growing adoption of this technology.
Ripple’s strategic use of XRP as a bridge currency, coupled with initiatives like the rebranded Ripple Payments, underscores its dedication to making cross-border payments seamless and efficient. For context, with ODL, now Ripple Payments, users can facilitate cross-border settlements using XRP as a bridge between two traditional currencies.
Why Are So Many Companies Using XRP as a Bridge?
Fiona Murray, the Vice President of Sales in the Asia-Pacific region for Ripple, shared insights on the extensive adoption of Ripple’s services, where over 500 companies are actively utilizing XRP. The SEC lawsuit highlighted that many payment companies and credit unions are leveraging XRP as a bridge currency to facilitate faster, more efficient transactions. This increased efficiency translates to lower costs and quicker settlement times, a major advantage in today's global economy. Crypto payments firm Fiona Murray, Ripple’s VP of Sales in APAC, reveals how more than 500 companies are working with Ripple and using XRP as a bridge for cross-border payments.
Ripple's Commitment to Transparency: The XRP Markets Report
The Future of the XRP Markets Report Since 2025, Ripple has published the XRP Markets Report to provide transparency into its XRP holdings and to share timely updates on the XRP ecosystem. This commitment to transparency builds trust and confidence in the XRP ledger.
The increasing adoption of Ripple Payments (formerly ODL) by over 500 companies signals a growing demand for XRP. Whether this demand is strong enough to push XRP to $1 remains to be seen, but the foundational elements for potential growth are undeniably in place.