Banxchange and global cryptocurrency exchange Bitmart have finalized a strategic partnership to roll out one of the first direct payment implementations powered by a native XRP Ledger token, the BXE Token, with transaction facilitation through Visa’s global payment network.
The collaboration marks a significant step toward bridging decentralized blockchain technology with traditional financial infrastructure. By leveraging the speed and efficiency of the XRP Ledger, the BXE Token is designed to enable fast, low-cost, and secure digital transactions for both merchants and consumers worldwide.
Under the agreement, Banxchange will integrate BXE-powered payment capabilities into its ecosystem, while Bitmart will support liquidity, accessibility, and token distribution across its global user base. Visa’s network will facilitate transaction processing, enabling seamless real-world payments backed by blockchain technology.
Industry observers see the initiative as part of a broader push to mainstream crypto-powered financial services. Direct payment implementation using a native XRP Ledger token allows transactions to settle within seconds, offering an alternative to traditional cross-border payment systems that often involve higher fees and longer processing times.
“Combining blockchain efficiency with the reliability of established payment networks creates a powerful foundation for digital commerce,” a representative involved in the project said. “This partnership represents a practical use case that moves beyond speculation and into real-world adoption.”
The BXE Token, built directly on the XRP Ledger, benefits from the network’s scalability and energy-efficient consensus mechanism. Its integration into a Visa-facilitated framework is expected to expand crypto payment options for merchants, enhance transparency, and provide users with more flexible digital asset spending capabilities.
The initial rollout will focus on select markets, with broader expansion planned in phases. Both companies emphasized compliance, security, and user experience as core pillars of the launch strategy.
As blockchain adoption accelerates globally, the Banxchange–Bitmart partnership signals a growing convergence between decentralized finance and established financial systems—potentially setting a new standard for crypto-enabled direct payments.