Brad Garlinghouse revealed that Ripple processed roughly $13 trillion in payments over the past year, a figure that underscores the network's growing role in institutional cross-border settlement. The scale puts Ripple in the conversation alongside traditional correspondent banking rails rather than just crypto-native payment projects.
Garlinghouse also confirmed there are no immediate IPO plans, signalling the company is comfortable operating privately while it continues to expand its payments footprint. For $XRP holders, the volume milestone is a meaningful data point: real-world throughput at this scale is the kind of fundamental that institutional allocators track when evaluating network utility.
Frequently asked questions
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How does Ripple's payment volume compare to traditional banking systems?
Ripple's processing of roughly $13 trillion in payments positions it alongside traditional correspondent banking systems, highlighting its significant role in institutional cross-border settlements.
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What does the lack of an IPO mean for Ripple's future growth?
Garlinghouse's confirmation of no immediate IPO plans indicates Ripple's strategy to continue expanding its operations privately while focusing on increasing its payments footprint.
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