Ripple SVP Hints at Further Expansion After Tapping on Mexico and Philippines

Ripple’s Senior Vice President of Product Marketing Asheesh Birla recently participated in a live stream with Ripple’s Senior Director of Product Ginger Baker, and the conversation touched upon a variety of topics, including that of Ripple’s planned expansions, with Mexico and Philippines being hinted at.

Being coy with the details while putting on a telling smile, Birla said that there are certainly more destinations arriving in the near future,

But we are working on the next set of destinations which we’ll be announcing, hopefully, in short order here but I know our product, marketing and engineering teams are working hard to light up those next set of destinations.

Birla also responded to a user’s question about crypto volatility and the possibility of that affecting cross-border payments,

XRP has an advantage in that it was built specifically for payments and so it settles in a matter of seconds. So… volatility [is] not an issue when using XRP for cross-border payments [as] the cost of sending with XRP is just a fraction of a few pennies.”

Ripple (XRP) Gaining Altitude

Ripple (XRP) already operates on 6 continents, and has participated with several banks to implement cross-border payments solutions. The RippleNet is at an all-time high with over 200 banking partners, and it is becoming increasingly clear that traditional financial institutions are warming up to the idea of refining their systems with Ripple’s solutions.

Certainly, Ripple seems to be expanding quickly, and with the IMF, EU, and World Bank involved, that only looks more likely.