ChainCatcher message, Ripple announces a partnership with Swiss crypto bank AMINA Bank, which becomes the first European bank to adopt Ripple's end-to-end payment solution. By integrating Ripple Payments, AMINA Bank can offer customers 24/7, minute-level cross-border funds settlement without relying on traditional correspondent banking systems.
The partnership aims to address the inefficiencies faced by crypto-native businesses in cross-border payments, particularly in stablecoin settlements, within the traditional banking system. Ripple Payments supports the parallel processing of fiat and stablecoins, bridging the gap between Web3 and traditional finance.
AMINA Bank indicates that the introduction of Ripple technology will significantly reduce cross-border friction and enhance its ability to serve native cryptocurrency clients. Earlier this year, AMINA became the world's first bank to support the custody and trading of Ripple stablecoin RLUSD.
