Ripple announced a major expansion of Ripple Payments, transforming it into a comprehensive end-to-end financial platform. Originally focused on cross-border settlement via the XRP Ledger (XRPL), the system now enables clients to collect, hold, convert and pay out in both fiat currencies and stablecoins within a unified infrastructure.

The expansion builds on Ripple’s acquisitions of Palisade and Rail in a $200 million deal, adding capabilities such as named virtual accounts, wallet provisioning and automated collection flows. Ripple says the platform has processed more than $100 billion in volume across 60+ markets and operates under over 75 global licenses, including a New York Department of Financial Services Trust Company Charter. Institutional clients such as AMINA Bank and Banco Genial highlight growing adoption among regulated financial entities.