Ripple Officially Joins Global Neo-Bank List, Shaking Up Finance Industry

The recognition highlights Ripple’s growing influence in the global financial system. It indicates how the company will be able to provide basic services such as payment services, digital liquidity, and real-time cross-border payments using the blockhouse’s infrastructure.

Ripple’s transition from a crypto-focused company to a broader financial player is centered around its enterprise solutions. With RippleNet and On-Demand Liquidity (ODL), Ripple is already supporting international value transfer with XRP, which relieves the cost and accelerates settlement time. Currently, these services cover more than 55 countries, and they assist in serving banks and finance corporations in different markets.

Moreover, the introduction of its dollar-pegged stablecoin RLUSD increases the list of products that provide Ripple with digital liquidity. This stablecoin promotes effective fiat-crypto bridging, which increases Ripple’s role in the contemporary system of transactions. Such innovations make Ripple a step closer to becoming a large-scale financial service company.