Cross-Border Remittance Optimization Using Ripple Blockchain Framework

Yadav, Kusum; Ridha, Mohammed; Fadil, Fay; Jamil, Abeer; Al-Nussairi, Nada

doi:10.25673/123773

Proceedings of International Conference on Applied Innovation in IT · 2026/03/31 · Vol. 14 · Issue 1 · pp. 1533–1539

Cross-Border Remittance Optimization Using Ripple Blockchain Framework

Kusum Yadav, Mohammed Jasim Ridha, Fay Fadil, Abeer Salim Jamil, Nada Qasim Mohammed and Ahmed Kateb J. Al-Nussairi

📄 Download PDF DOI: 10.25673/123773

Abstract

Cross-border remittances still have a lot of problems, like high transaction costs, long settlement times, and compliance costs. This makes them a very important area for new technology. This research examines the utilization of the Ripple blockchain framework (XRP Ledger) for enhancing remittance transactions across principal corridors. The suggested framework uses XRPL's built-in features, like pathfinding, automated market makers (AMM), and payment channels, to cut costs and latency while still making sure atomic delivery and liquidity efficiency. The model is compared to traditional systems like SWIFT and money transfer operators using corridor data from the US-Mexico, EU-India, and US-Philippines. The results show that Ripple lowers the average transaction cost from 4.5-6% to almost 1-1.5%, and the time it takes to settle a transaction from days to seconds. Additionally, multi-objective optimization shows that there are trade-offs between cost and speed that are specific to each corridor. This shows that Ripple-based remittance frameworks can be changed to fit different needs. The results show that Ripple could help the UN meet its 10th Sustainable Development Goal by making it possible to send money safely, cheaply, and reliably.

Keywords

Ripple XRPL Cross-Border Remittances Blockchain Automated Market Maker Payment Channels Optimization Digital Finance.

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