Bitso, Ripple, and XRP: taking the paper out of global trade

Bitso, Ripple, and XRP: taking the paper out of global trade
February 25, 2025
Jake Claver by Jake Claver

Bitso, Ripple, and XRP: taking the paper out of global trade

Here the focus is Bitso, Ripple, and XRP, which move trade paperwork onto digital rails. It is concrete and sourced rather than a broad assertion.

The Paperwork Layer

This material links the ecosystem to trade documents and paperless-commerce standards. Supporting material comes from the Ripple Bitso customer case study and the Bitso Business cross-border payments report PDF. Ripple/Bitso partnership expansion, an announcement from the organizations involved, states it directly:

> US$168 billion as of October 2024 and facilitating trillions in transactions each year. In fact, when Ripple announced in April 2024 that it would be launching a stablecoin, it cited projections that the stablecoin market could grow to US$2.8 trillion by 2028. According to Coinmetrics, 14 total settlement volumes reached almost US$7 trillion in 2023.

The Takeaway For XRPL

This strengthens the Ripple and XRP Ledger ecosystem because trade finance needs trusted records and interoperable workflows, giving distributed-ledger systems a practical role beyond speculation. The broader research trail also includes the World Bank Remittance Prices Worldwide, the FSB cross-border payments roadmap, and the BIS Project Nexus page.

What The Source Shows

Source screenshot 1 for Bitso, Ripple, XRP, RLUSD, MXNB, US-Mexico payments
Source screenshot 2 for Bitso, Ripple, XRP, RLUSD, MXNB, US-Mexico payments

Receipts For The Trade Finance Thread

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