"My salary is also deposited immediately"...Ripple targets 'bankless payroll system' with XRP integration

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Ripple is signaling a change in cross-border payment structures by integrating XRP into its corporate fund management solution, 'Ripple Treasury'. As an environment is being built where companies can manage funds with digital assets without going through traditional banking networks, the possibility of restructuring payroll methods beyond simple efficiency improvements is being raised.

The Crypto Basic reported on April 28 (local time) that Ripple Treasury supports 24/7 real-time management of corporate liquidity. It explained that utilizing XRP as a bridge currency can significantly reduce the costs and time incurred in the cross-border currency exchange process. Peggy Choi, Ripple's Head of Product Marketing, stated that XRP integration is a key foundation for instantly processing global fund movements.

These changes directly affect workers employed abroad. While receiving salaries through the existing international remittance system used to take several days, it can now be processed within seconds in a digital asset-based structure. A decrease in intermediary bank fees is also expected to result in an increase in net receipts. For freelancers or overseas secondees, an environment is being created to secure stable cash flow.

Remittance transparency is also enhanced. Since the path of fund movement is recorded on a blockchain, uncertainty regarding delays or omissions is reduced. Companies can build a faster and safer payment system while meeting regulatory requirements, and employees can check the status of their salary in real-time.

Ripple is expanding the scope of Ripple Treasury by increasing cooperation with global financial institutions and corporations. The XRP-based fund management system is seeing an increasing adoption trend, especially in emerging markets such as Southeast Asia and South America. Companies are expanding their use of digital assets to achieve both cost savings and operational efficiency, and related technologies are gradually becoming a core component of corporate financial infrastructure.

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