A total of 37 companies are now utilizing XRP, either to accept payments or power international remittances. Among these, 24 companies have adopted Ripple’s XRP-based cross-border payments platform, On-Demand Liquidity (ODL)—previously known as xRapid.
Companies Using Ripple’s On-Demand Liquidity (ODL)
Although Ripple hasn’t released an official list, 19 of the 24 ODL adopters have been identified:
- Interbank (Peru) – Announced at Ripple’s 2019 Swell conference.
- MoneyGram – Early adopter leveraging XRP for global settlements.
- TransferGo – Integrated ODL for faster remittances.
- Euro Exim Bank – Among the first banks to use XRP-powered payments.
- FlashFX – Australian fintech utilizing blockchain for currency solutions.
- goLance – Freelance platform enhancing cross-border payouts.
- Nium (formerly InstaReM) – Streamlining international transfers.
- Bittrex – Crypto exchange facilitating XRP-powered liquidity.
- Bitso – Latin American exchange supporting ODL corridors.
- Coins.ph – Philippine-based payments platform.
- Bitstamp – Major exchange partnered with Ripple.
- Cuallix – Financial institution using XRP for remittances.
- Mercury FX – Global payments provider leveraging XRP.
- Catalyst – Corporate treasury solutions powered by Ripple.
- SBI Virtual Currencies – Japanese exchange exclusively listing XRP.
- IDT – Telecom and payments company integrating ODL.
- Viamericas – Cross-border payment service.
- SendFriend – Remittance platform backed by MIT.
- Bitrue – Crypto exchange expanding XRP utility.
👉 Discover how XRP is transforming global payments
The Evolution of ODL
Ripple launched xRapid (now ODL) in October 2018, positioning it as a regulatory-compliant solution for instant, cost-effective cross-border payments. By using XRP as a bridge currency, ODL eliminates pre-funded nostro accounts, reducing liquidity costs by up to 60%.
Other Companies Utilizing XRP
Beyond ODL, 13 additional companies use XRP for payments or platform enhancements:
- Travala – Travel booking platform accepting XRP.
- r3 – Blockchain consortium enabling XRP-powered payments.
- Omni – Storage platform leveraging XRP for liquidity.
- Transpaygo – Payments startup integrating XRP.
- JNFX – FX brokerage utilizing XRP.
- AsiaMTM – E-commerce platform accepting XRP.
- Arrington Capital – Venture firm transacting in XRP.
- Coil – Web monetization platform using XRP.
- Nexo – Crypto lending service supporting XRP.
- FTCS – Financial services firm adopting XRP.
- BiChip – Danish payment solution.
- Selly – Online marketplace for XRP payments.
- XRP Tip Bot – Social media tipping service.
Key Benefits of XRP Adoption
- Speed: Transactions settle in 3-5 seconds.
- Cost-Efficiency: Reduces fees by up to 70% compared to traditional methods.
- Scalability: Handles 1,500+ transactions per second.
- Liquidity: XRP’s market depth supports high-volume transfers.
👉 Learn why XRP is the future of finance
FAQs
1. What is On-Demand Liquidity (ODL)?
ODL is Ripple’s liquidity solution that uses XRP to facilitate instant cross-border payments without pre-funded accounts.
2. How many companies use XRP?
As of now, 37 companies use XRP—24 for ODL and 13 for payments/platforms.
3. Is XRP regulatory compliant?
Yes, Ripple designed ODL to comply with global financial regulations, ensuring safe adoption.
4. Which industries benefit most from XRP?
Banks, remittance services, crypto exchanges, and fintechs gain the most from XRP’s speed and cost savings.
5. Can individuals use XRP for payments?
Absolutely! Platforms like Travala, Coil, and Selly accept XRP for services.
6. How does XRP compare to Bitcoin for payments?
XRP is faster and cheaper—Bitcoin averages 10+ minutes per transaction with higher fees.
Final Word: XRP’s adoption is accelerating, with 37 companies now leveraging its utility—proof of its transformative potential in global finance.