Ripple has 15 billion in cryptocurrency reserves and more than 100 customers, according to its CEO Brad Garlinghouse. The war chest will see the company move to acquire or partner with rivals in the sector.

Speaking to the Financial Times, Garlinghouse said the Northern California company is “well beyond” the sandbox stage of its development. Ripple just announced that it has brought aboard several major customers for cross-border payments, including France’s Crédit Agricole, Brazil’s Bexs Banco and Uruguay’s dLocal. It also said that SEB, the Swedish bank, had used Ripple’s system to transfer $180m between Sweden and the US in recent months to help manage the cash balances of one of the bank’s large corporate customers.

Ripple’s XRP, the cryptocurrency used for the payments, can process a transaction within 10 to 15 seconds. That’s faster than the three days for interbank transactions using the standard Swift network.

XRP has boomed in value this yer, with a market cap of close to $10 billion. That’s in addition to the reserves of $15 billion Ripple holds.

“For decades the payments industry has been ruled by an oligopoly of large firms like JPMorgan, Citigroup and Visa, for which it is a massive cash cow,” Garlinghouse said to the FT. “But now with the Internet, people expect payments to be immediate, smooth, reliable and low-cost.”

Ripple also announced that Cuallix is the first worldwide institution to use xRapid, Ripple’s solution that uses XRP as a liquidity tool, to reduce costs of sending cross-border payments from the US to Mexico.