$XRP It seems that XRP (Ripple) continues to play an important and growing role in the banking transfer and cross-border payment sector, but with some challenges and influencing factors.
Here is a summary of the latest news and key developments regarding the use of XRP in banking operations:
🏦 Institutional adoption and cross-border transfers
Speed and efficiency: RippleNet technology and the On-Demand Liquidity (ODL) solution that uses XRP as a liquidity bridge remain an attractive option for financial institutions. It allows for nearly instant settlement of cross-border payments and significantly lower transaction costs (by up to more than 80% in some estimates) compared to the traditional SWIFT system, which takes days.
Ongoing partnerships: Ripple continues to establish partnerships with financial institutions and central banks around the world. Major banks such as Santander, SBI Holdings in Japan, and PNC Bank in the United States have integrated or are experimenting with RippleNet technology in their international payment operations.
On-Demand Liquidity (ODL): The ODL feature using XRP eliminates the need for banks to pre-fund "nostro" accounts in foreign currencies, saving them significant costs and liquidity.
Increased confidence: Some reports indicate that more than ten major banks are actively using XRP in payments and liquidity solutions, demonstrating growing confidence in this innovative technology.
