"Santander in Europe uses RippleNet (via its One Pay FX app) for faster remittances. In Asia, Japan's SBI Remit and Thailand's Siam Commercial Bank have live XRP liquidity corridors, and firms like Tranglo (Malaysia) run ODL corridors. U.S. banks are also testing Ripple technology. PNC Bank has joined RippleNet, and even Bank of America has confirmed pilots of Ripple's rails."
"Ripple's XRP ecosystem just hit a major milestone: over 300 banks and financial institutions have now partnered with RippleNet. These include firms across North America, Europe, Asia, and the Middle East, using Ripple's blockchain rails for cross-border settlement and liquidity. While not all use XRP ( ) directly, the growing network is attracting serious interest from Wall Street. The key question is: Will these partnerships finally translate into real XRP demand and price traction?"
RippleNet has surpassed 300 banks and financial institutions across North America, Europe, Asia, and the Middle East. Major partners include Santander, SBI Remit, Siam Commercial Bank, Tranglo, PNC Bank, and pilots with Bank of America, alongside MoneyGram, Kotak Mahindra, IndusInd, Itaú, Banco Rendimento, and Finastra. Customers span over 45 countries and six continents, including banks in Pakistan, Qatar, and Bangladesh. Many institutions use RippleNet's messaging (xCurrent) to speed and monitor transfers, while others leverage XRP for remittances and FX liquidity. Early adopters of ODL included remittance leaders and FX firms, with ODL usage increasing significantly.
Read at 24/7 Wall St.
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