Ripple Secures Breakthrough Banking Adoption in Europe: Details
The blockchain-based financial tech company has notched a fresh partnership with AMINA Bank AG to support near real-time cross-border payments for the latter’s clients using Ripple Payments.
AMINA Bank’s CPO noted that native web3 businesses often run into friction when working with legacy banking systems, which is why the organization believes instant cross-border payments are necessary.
Ripple Payments’ integration into AMINA Bank’s operations will allow the latter’s clients to reduce the friction typically arising between blockchain and traditional banking rails.
It will enable its customers to move funds seamlessly and settle transactions more efficiently without relying on traditional payment infrastructure. This should make transactions faster, while also reducing costs, and would increase reliability and transparency.
