Ripple (XRP) and Stellar (XLM) Drive Instant Blockchain Remittance Services in Malaysia

Published: 2025-05-18 19:07:41 |

Ripple (XRP) and Stellar (XLM) are rapidly gaining ground in Malaysia’s remittance market by facilitating instant blockchain-based payment solutions. Ripple partners with over 100 banks worldwide to simplify and expedite cross-border payments, targeting reduced transaction times and fees through XRP’s integration with local currencies. Its adoption in Malaysia highlights a shift toward digital remittance for migrant workers and businesses, making fund transfers faster and more affordable. Meanwhile, Stellar (XLM) prioritizes financial inclusion, focusing on underserved and unbanked populations by enabling efficient peer-to-peer payments that sidestep traditional banking structures. The growth of Stellar’s presence in Malaysia reflects broader acceptance among local remittance providers. Notably, Malaysian remittance firm Mobile Money recently partnered with Bangladeshi company bKash to use RippleNet, supporting approximately $1.82 billion in annual cross-border remittances. This collaboration demonstrates real-world demand for blockchain-powered payments and solidifies Malaysia as a developing hub for innovative financial services. As both Ripple and Stellar expand within the region, they continue to modernize cross-border payments and promote blockchain adoption, offering benefits of reduced costs, speed, and transparency to users and service providers alike.

Bullish

The expansion of Ripple (XRP) and Stellar (XLM) in Malaysia’s remittance sector signals increased mainstream adoption of blockchain technology in financial services. Real-world partnerships, such as the collaboration between Mobile Money and bKash using RippleNet, demonstrate tangible demand for these solutions that are faster and cheaper than traditional methods. Historically, such adoption and integration with established payment corridors have led to positive sentiment and upward price momentum for related cryptocurrencies, as they underscore utility and real-world use cases. For traders, this news may drive short-term price appreciation due to increased optimism, and long-term it strengthens the value proposition of XRP and XLM for cross-border payments.