Travelex Bank, the first foreign exchange bank approved by Brazil’s Central Bank, is expanding its use of Ripple Payments for instant cross-border settlement, as the US Faster Payments Council separately names Ripple among the key innovators driving G20 domestic payments modernization.
Summary
- Travelex Bank is using Ripple Payments to cut transaction costs and enable near-instant settlement for cross-border transfers, building on the On-Demand Liquidity integration first launched in August 2022.
- The US Faster Payments Council report identifies Ripple alongside Stellar as leading innovators within the G20’s framework for faster, cheaper, and more transparent global payments by 2030.
- The G20 roadmap targets 75% of cross-border transfers credited within one hour and costs as low as one cent per transaction by 2027, benchmarks that Ripple’s ISO 20022-compliant infrastructure is designed to meet.
Ripple Travelex Bank partnership is drawing renewed attention after analyst ChartNerd highlighted both developments on April 27, with Travelex Bank confirming it is actively using Ripple Payments to enable round-the-clock, near-instant settlement for cross-border transfers, and the US Faster Payments Council naming Ripple alongside Stellar as leading innovators in G20 domestic payment modernization. Travelex Bank holds the distinction of being the first domestic exchange bank approved by Brazil’s Central Bank, and its use of Ripple’s XRP Ledger-based infrastructure allows it to settle transactions in seconds rather than the days required by traditional correspondent banking.
Ripple Travelex Integration Targets Brazil’s $780 Billion Cross-Border Payment Market
Brazil processes more than $780 billion in annual cross-border payment flows, making it one of the largest and most important emerging market corridors in the world. As crypto.news reported, Ripple’s On-Demand Liquidity solution was first adopted by Travelex Bank in August 2022, making it the first institution in Latin America to use ODL with XRP as a bridge currency, and the bank gained ten new clients within one year of joining the network. The expanded use of Ripple Payments now deepens that integration, with Travelex leveraging the full end-to-end infrastructure to reduce operational costs, eliminate multiple intermediaries, and offer 24-hour access to settlement across corridors where pre-funded capital requirements have historically added cost and friction. Travelex Bank’s unique regulatory standing as Brazil’s first Central Bank-approved foreign exchange bank gives it a compliance foundation that makes blockchain infrastructure adoption structurally less complicated than at conventional commercial banks operating under different licensing frameworks.
What the US Faster Payments Council Recognition Means
The US Faster Payments Council report identifies Ripple alongside Stellar as leading innovators for G20 domestic and cross-border payment modernization, a recognition that reflects how far the perception of blockchain payment infrastructure has shifted since Ripple’s legal conflict with the SEC began in 2020. The G20’s payments roadmap requires that by 2027, 75% of global cross-border transfers must be credited within one hour, with transaction costs falling to as low as one cent. By 2030, at least 90% of the global population should have access to at least one cross-border remittance provider. As crypto.news documented, Ripple has been systematically expanding its payment network across multiple continents simultaneously in April 2026, signing a blockchain remittance proof-of-concept with South Korea’s KBank on April 27 and closing its second Korean institutional deal of the month following the Kyobo Life Insurance partnership on April 15. ISO 20022 compliance, built-in liquidity management, and sub-second settlement positions Ripple’s infrastructure as a direct technical match for the G20 target specifications.
Ripple’s Institutional Footprint in April 2026
April 2026 has been Ripple’s most active institutional expansion month on record. As crypto.news tracked, Ripple acquired BC Payments Australia to secure an Australian Financial Services License ahead of new crypto regulations taking effect June 30, 2026, continuing a regulatory licensing push that has already secured approvals in Singapore, the UAE, the UK, and Ireland. Ripple has also been granted conditional approval for a US national trust banking charter by the Office of the Comptroller of the Currency. As crypto.news noted, SWIFT has been testing Ripple’s ODL and XRP as integration candidates for its own cross-border payment modernization program, with XRP’s 3 to 5 second settlement time and $0.0002 per transaction cost representing a performance profile that directly competes with every major legacy cross-border rail in operation today.
The US Faster Payments Council report does not represent a formal endorsement or certification of Ripple’s technology, but rather an identification of innovative solutions within the G20 payment framework context.
