Case Study: Mercury FX achieves 100x faster, low-cost cross-border remittances and access to new corridors with Ripple

Mercury FX accesses the inaccessible in cross-border payments with Ripple

Mercury FX, an international payments specialist with offices in London, Hong Kong and South Africa, wanted to enter the remittances market, expand its client base and improve margins by cutting costs and speeding up settlement times. To do this it partnered with Ripple, exploring RippleNet and On-Demand Liquidity as an alternative to costly pre-funding.

Ripple implemented On-Demand Liquidity on RippleNet for Mercury FX, using XRP as a bridge to open previously inaccessible corridors such as Mexico and the Philippines. The result: settlements became nearly instant (up to 100x faster), Mexican peso transfers fell from as much as $50 to about $2, and customers—like a food importer—now receive orders three days earlier. Ripple’s solution made new markets viable for Mercury FX while substantially lowering costs and settlement risk.

Mercury FX

Alastair Constance

Chief Executive Officer