From Banks to Retailers: Businesses That Accept XRP Payments

XRP has moved from pilot tests to real payments in many places. In 2025, banks, remittance firms, fintechs, and online merchants use it for fast, low-cost transfers. You may have never used it yourself, but you surely heard about it.

This guide explains who accepts XRP as payment today, how they integrate it, and why more businesses add it alongside cards and bank rails.

The Rise of XRP as a Global Payment Option

This coin was never among the most popular cryptocurrencies, but it stays in the TOP-10 cryptocurrencies by market cap for 10+ years (often even in the TOP-5). How come?

XRP grew popular because it settles fast and keeps fees low, even across long distances. Banks first tested it for cross-border transfers, then remittance firms adopted it for day-to-day payouts. As more platforms joined RippleNet, XRP became a practical tool instead of a niche token.

Today it is used for business payments, merchant checkout, digital wallets, and even some in-store purchases. Many companies choose it because it moves money in seconds and works well for global customers who want a simple, predictable way to pay.

How Businesses Are Integrating XRP into Their Payment Systems

Most companies do not build their own crypto stack from scratch. They plug XRP into existing payment flows through providers, APIs, and ready-made tools.

Some merchants accept XRP directly to a public wallet address or QR code. This works for small projects and communities, but it is hard to scale: no invoices, no automatic rate lock, no clear reports.

Larger businesses usually work through crypto payment gateways and acquirers. They connect an API, add XRP as a checkout option, and let the provider handle address generation, transaction tracking, confirmations, and optional auto-conversion to fiat or stablecoins.

Banks, remittance firms, and fintechs integrate at an even deeper level through Ripple’s network. They use XRP and related infrastructure under the hood to settle cross-border transfers faster. In many cases the end customer does not see “XRP” on the screen – they just see that money arrives faster and with lower transfer fees.

Major Companies and Institutions Using XRP for Payments

There are over 300 banks alone partnering with XRP. And thousands of other companies Big names use Ripple technology in different ways. Some use XRP directly for liquidity. Others use RippleNet rails without always touching the token. The line between “using Ripple” and “accepting XRP” is not always clear, so it’s better to speak about real use cases. This is who accepts XRP as payment today.

Bank of America

One of Ripple’s key banking partners. It has tested RippleNet for faster cross-border payments and better internal payment flows. Public info suggests focus on the network and messaging layer, not retail “pay with XRP” at checkout.

Santander

Uses Ripple tech for international transfers in products like One Pay FX in some markets. Customers send local fiat, the bank handles FX and liquidity in the background, sometimes with XRP in the stack, but users see a simple “cheap, fast transfer” interface, not a crypto trading screen.

Saudi Central Bank

Along with Itaú Unibanco, Banco Rendimento, Bank of Thailand, and Royal Monetary Authority of Bhutan, they use or test Ripple’s infrastructure for remittances, instant settlement, and pilot CBDC or cross-border projects. For them XRP is mostly a liquidity tool and bridge asset, not a coin they advertise to retail clients.

MoneyGram

MoneyGram was one of the biggest public examples of XRP use for remittances, using Ripple’s On-Demand Liquidity to move funds between corridors like US–Mexico. The formal partnership ended, but this case is still the classic “XRP in real remittance flows” example and shows how XRP can replace pre-funded nostro accounts.

American Express

It uses RippleNet to speed up settlement and reduce the cost of global transactions. For now, this option is only available for US customers.

Whitepay clients

300+ companies accept XRP through Whitepay crypto payment gateway. They also accept Bitcoin, USDT, and 200+ other cryptocurrencies within one account. All currencies are automatically converted into merchant’s preferred currency.

Want to start accepting crypto payments too? 

Why Businesses Are Turning to XRP in 2025

Companies in 2025 pick XRP because it moves money fast, settles in seconds, and cuts the cost of cross-border transfers. Banks and remittance firms like the fact that XRP acts as a bridge asset, so they don’t need to keep large sums locked in foreign accounts. E-commerce brands and fintech platforms like predictable fees and simple integration through services such as crypto payments for business. For many, XRP is less about “paying with a coin” and more about replacing slow bank rails with a network that clears payments almost instantly.

Key Industries Adopting XRP Payments

So, who accepts XRP as payment? XRP was originally created for banks, and they are still major users. But not only them. Here is a short list of Ripple’s key industries.

Financial Institutions & Banking

This is Ripple’s main use case. They use XRP and RippleNet to move funds across borders without relying on old correspondent banking chains. They get faster settlement and lower liquidity costs.

Remittance and Cross-Border Services

They adopt XRP for the same reason: moving money from one country to another becomes cheaper and nearly real-time, which matters for migrants, gig workers, and international payroll.

Fintech Startups and Payment Gateways

Yes, Whitepay is one of them. XRP into these systems to offer fast global payouts, top-ups, and transfers. Many use it as hidden infrastructure while customers transact in fiat.

Online Retailers and E-Commerce Merchants

Retailers experiment with XRP because settlement is quick and fee-friendly. They usually accept crypto through processors, so users can pay in XRP even if the store itself never holds tokens.

Trading Platforms and Digital Wallet Providers

They support XRP deposits and withdrawals because the asset moves quickly and costs less than many other networks, making it convenient for traders who need instant transfers between accounts.

Crypto-Friendly Companies

Lots of blockchain companies accept XRP along with other popular cryptocurrencies. Also, there are thousands of companies that use universal crypto payment gateways, which often support XRP.

Ripple’s Stablecoin RLUSD and Its Role in Expanding Adoption

Ripple’s new stablecoin RLUSD gives businesses a dollar-pegged option that works inside the same ecosystem as XRP. It keeps a stable value, settles fast, and fits into RippleNet without changing existing workflows. Banks and payment firms can use RLUSD for low-risk transfers and switch to XRP when they need instant liquidity. This mix of stability and speed helps more companies adopt Ripple’s products without taking on extra price risk.

In November 2025, it takes #66 place in the global crypto rank by market cap. Right now, this is the fifth most popular USD-based stablecoin.

Real-World Use Cases of Ripple and XRP Payments

What makes XRP different from most other cryptocurrencies is that it is generally trusted and already used in live payment flows. Banks and payment firms use RippleNet and On-Demand Liquidity to move money between currencies without pre-funded accounts. Some even say that XRP is “not a cryptocurrency’, because its design is very different from traditional blockchain-based coin.

Anyways, remittance companies can accept local currency, convert to XRP for a few seconds, and pay out in another fiat on the other side of the world. This cuts nostro accounts, speeds up settlement, and often lowers FX and wire fees.

Fintech platforms in Latin America and Asia route a big part of cross-border transfers through XRP rails, especially for USD-local currency payouts. Some online exchanges and wallets let users pay fees or move balances using XRP because transactions are fast and cheap. In B2B, companies use Ripple-based corridors to pay suppliers abroad in near real time instead of waiting days for SWIFT wires to clear. In all these cases, the end user might only see “fast international transfer” in the interface, while XRP does the work in the background.

How Small Businesses Can Start Accepting XRP and Other Cryptos

A small business does not need to deal with blockchain code or run a wallet manually to accept XRP. The usual path is to connect through a payment processor that supports crypto payments, such as crypto payments from Whitepay. You create an account, pass basic checks, and choose which coins you want to accept (or just accept all 200+).

The next step is integration. For online stores, this can be a plugin, API, or simple payment link added to invoices or checkout. For offline sales, you can use a QR-based flow or a crypto POS terminal so a customer pays in XRP from any wallet while you receive a settled amount in fiat or stablecoins. The processor handles rate locks, crypto-to-fiat conversion, reporting, and AML checks.

From the customer side, the flow is simple: pick “pay with crypto,” choose XRP, scan the QR code, confirm the transaction, and wait a few seconds for confirmation. From the business side, it feels similar to card acquiring: you see paid orders, settlement amounts, and fees in one dashboard, without holding XRP directly if you prefer to settle in stablecoins or local currency.

Conclusions

XRP has moved from “interesting project” to real payment rail in parts of the global system. Banks, remittance firms, fintech platforms, and some merchants now use RippleNet and XRP to move money faster and cheaper than with classic wires. In many cases, users just see a quick, low-fee transfer while XRP works in the background.

At the same time, adoption is uneven. Some corridors are active, others barely use XRP at all. Regulation, bank risk appetite, and customer demand still shape where it grows next. For small and mid-size businesses, the practical move is not to “bet on XRP,” but to plug into a crypto payment provider that can handle XRP along with other coins and stablecoins, so payments stay flexible while risk stays under control.