XRP Payments Module
ISO ModuleXRP's designated role in ISO 20022 coin lists is as a bridge asset for cross-border payments, via Ripple's On-Demand Liquidity, with the ISO 20022 tie sitting at RippleNet rather than the token.
Within the ISO 20022 coin lists, XRP is positioned as the settlement asset for cross-border payment corridors. The logic is straightforward: banks currently need pre-funded nostro accounts in every currency corridor they serve, and Ripple markets ODL as a way to use XRP as an on-demand bridge instead.
RippleNet, Ripple's payment network, appears on ISO's Registration Management Group (RMG) member list as the first DLT-focused member, and Ripple says the network is aligned with ISO 20022. (The RMG membership and ISO 20022 alignment apply to RippleNet, not the XRP token or the XRP Ledger, and the site could not verify message-level specifics.) SBI Remit launched RippleNet's first live ODL implementation in Japan in July 2021, Santander's One Pay FX app (2018) was built on Ripple's xCurrent software, and MoneyGram and Ripple ended their partnership in March 2021.
The "module" framing assigns each of the 8 coins a specific functional role. XRP's role is payments and settlement.
Crypto Relevance
The XRP profile lists as open questions whether Ripple's payments relationships turn into sustained on-chain volume and whether RLUSD adoption grows in institutional corridors. Partnerships announced years ago do not by themselves show current usage.
Related Terms
ODL
ODL (On-Demand Liquidity) is Ripple's cross-border payment product that uses XRP as a real-time bridge currency to eliminate pre-funded nostro accounts.
XRPL
XRPL (XRP Ledger) is the open-source ledger that XRP runs on, which xrpl.org says settles transactions in about 3-5 seconds for fractions of a cent.
RippleNet
RippleNet — rebranded "Ripple Payments" in late 2023 — is Ripple's global network of financial institutions that settle cross-border payments using Ripple's technology, with XRP as an optional bridge asset.
Nostro/Vostro Accounts
Nostro and Vostro accounts are correspondent banking accounts banks maintain at each other to pre-fund cross-border payments — the trapped capital that ODL aims to eliminate.
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Sources
Last updated: 2026-09-29