12 Banks Using $XRP Infrastructure. 💻💰💵
A growing list of global banks and financial companies are using $XRP for payments, liquidity, and remittance.
$XRP is a well-known cryptocurrency, currently ranked as the 6th largest digital asset by market cap. But there’s a lot more to XRP than just crypto. Its parent organization Ripple Labs is busy positioning itself as a cornerstone of global finance, via its banking solution, RippleNet. RippleNet is a state-of-the-art messaging system designed to let major banks communicate with each other faster and more directly about international transfers – a direct challenger to the outdated SWIFT system we all love to hate.
What’s interesting about RippleNet is that it operates independently of XRP, but also serves as a potential gateway to it. As more institutions join RippleNet to bypass the cumbersome SWIFT system, some are also taking the next step by integrating Ripple’s On-Demand Liquidity (ODL) solution. While not every RippleNet user employs XRP, the network’s growth is steadily building institutional familiarity and trust in Ripple’s existing infrastructure.
In this article, we’ll explore which institutions are using RippleNet, which have integrated XRP into their operations, and how this progression is shaping the future of blockchain-powered finance.
-SBI Holdings
-Santander
-PNC Bank
-American Express
-Standard Chartered
-MUFG Bank
-CIBC
-Kotak Mahindra Bank
-BeeTech
-InstaReM
-RAKBANK
-Siam Commercial Bank