TheDinarian
News • Business • Investing & Finance
Which Banks Use Ripple XRP
August 08, 2023
post photo preview

Which Banks Use Ripple XRP: Guide

‍The world of digital currencies has evolved drastically since the inception of Bitcoin in 2009. While Bitcoin remains a significant player, several other cryptocurrencies have emerged, each with unique offerings.

One such cryptocurrency is Ripple XRP, which has seen adoption by various financial institutions worldwide.

This comprehensive guide explores Which Banks Use Ripple XRP and why.

 

Understanding Ripple XRP

Ripple XRP is an established cryptocurrency that has gained significant momentum over the last few years.

Cryptocurrency provides the technological backbone for payment systems used by numerous banks. Let’s dive deeper into understanding what Ripple is, its origin, and its significance.

 

The Genesis of Ripple

Ripple is the cryptocurrency company behind the XRP blockchain, an open-source distributed ledger for financial transactions.

Additionally, the idea of Ripple was born in the minds of a group of developers: David Schwartz, Jed McCaleb, Arthur Britto, and their associate, Chris Larsen.

They co-founded Ripple in September 2012 with a vision to create a secure blockchain solution that could cater to the needs of businesses more effectively than Bitcoin.

 

Why Was Ripple Developed?

They aimed to develop a system to facilitate transparent, cross-border real-time gross settlements (RTGS) with lower costs and shorter transaction times.

Furthermore, this led to the development of the Ripple Transaction Protocol (RTXP) for quick monetary transfers.

Ripple’s approach was to assist the banking system in becoming more efficient rather than attempting to disrupt it. This positioning made Ripple an ideal solution for financial businesses’ transaction requirements.

Initially, Ripple had two payment processing systems based on RTXP: xRapid and xVia. These were later unified into the company’s mainnet, RippleNet.

 

Exploring XRP

XRP is the digital asset used for transactions on Ripple’s RippleNet platform. It derives its name from xRapid, where it was initially used as a value exchange token.

Additionally, all 100 billion XRP coins have been pre-mined, with about 45 billion XRP coins deposited in Ripple’s Escrow account. The remaining 55 billion XRP have been distributed to users worldwide.

XRP, like other cryptocurrencies, has a smaller unit called a ‘drop’, equivalent to one millionth of 1 XRP. Since the currency has been pre-mined, its supply is fixed, meaning no new XRP can enter the market.

Furthermore, this mining feature eliminates the need for proof of work to mine new tokens. Ripple.net operates on a proof-of-consensus algorithm, a significant strength of Ripple’s blockchain network.

 

The Advantages of Ripple XRP

Ripple XRP offers several benefits over traditional blockchain networks like Bitcoin. Here are some of the reasons why Ripple XRP is an excellent choice for a blockchain network:

 

Fast Transaction Speed

The Bitcoin network’s slow transaction times are a major drawback for some users. In contrast, XRP transactions are lightning fast, with the ledger completing transactions in 3-5 seconds. This speed significantly outperforms the average transaction confirmation time for Bitcoin trading, which can extend beyond 20 minutes.

 

Economical Transaction Cost

Additionally, the Ripple blockchain uses ‘drops’ to account for transactions, making XRP trading highly economical.

 

Scalability

Ripple can handle up to 1,500 transactions per second, nearly matching the capacity of standard payment processors like VISA, which manages 1,700 transactions per second.

This capability makes Ripple an ideal solution for fintech companies requiring an infrastructure capable of handling high transaction volumes.

 

High Uptime and Low Power Consumption

Ripple’s distributed ledger platform benefits from a global network of 150 validators on RippleNet, ensuring excellent uptime and stability.

Moreover, since no computing resources are needed to mine XRP, the network consumes less power than conventional blockchain networks like Bitcoin.

 

Why do Banks Opt for Ripple XRP?

The strengths of Ripple XRP align perfectly with the needs of the banking and fintech sectors. Here’s why banks prefer this blockchain solution:

 

Facilitating Cross-Border Payments

Ripple XRP’s speed and efficiency enable banks to make international settlements in real time, making it an excellent tool for banks to create RTGS systems to facilitate international trade.

 

Offering Stable and Secure Backend Infrastructure

With rising cybersecurity threats, banks are increasingly prioritizing secure transaction records. Blockchain solutions, with their cryptographic operations and decentralized nature, offer high data security and reduce system downtime.

 

Efficient Liquidity Management

Ripple’s high market capitalization and its use in international markets make it a trustworthy token for buying fiat currencies like USD. Therefore, banks can quickly hold onto their XRP reserves and liquidate them into USD and local currency reserves.

 

Industrial Synergies

Ripple targeted banks and financial organizations early in its lifecycle, leading to a growing network of developers maintaining its core technology.

Furthermore, Ripple’s reputation as an environmentally friendly blockchain platform appeals to companies and governments seeking to enforce sustainability compliance in the banking sector.

 

A Closer Look at Which Banks Use Ripple XRP

Furthermore, Ripple XRP is now an internationally recognized trading platform adopted by several banks. Here’s a look at some major banks using Ripple XRP.

 

Bank of America (USA)

The second-largest bank in the USA in terms of asset value, Bank of America (BofA), has partnered with Ripple for several years.

Additionally, their collaboration has been instrumental in setting up RippleNet’s compliance standards for international payments.

 

PNC Bank (USA)

PNC Bank joined Ripple in 2016 to improve its network speed. With 12 million users, the RippleNet service allows the bank to facilitate quick payments.

 

Siam Commercial Bank (Thailand)

The first bank in Thailand, Siam Commercial Bank (SCB), adopted Ripple in 2020 to launch its outward remittance service, SCB Easy.

 

Santander Bank (USA)

Santander Bank has been using Ripple since 2018. This adoption enabled them to launch the One-FX service, which facilitates cross-border payments between US and EU customers.

 

Standard Chartered Bank (UK)

The UK-based Standard Chartered Bank partnered with Ripple in 2016. This collaboration enabled the bank to open payments to customers in over 50 countries in its network.

 

Cuallix (Mexico)

Cuallix partnered with Ripple in 2017. As one of the early adopters of XRP’s liquidity products like xRapid, Cuallix facilitates cross-border payments between Mexico and the USA.

 

Final Thoughts: Which Banks Use Ripple XRP?

In conclusion, despite the challenges of adopting blockchain technology for international banking, Ripple XRP holds a strong position in the industry.

Furthermore, many banks favor it due to its operational advantages, and it presents numerous use cases.

Ripple XRP will expand into new regions and gain adoption by more financial institutions in the coming years.

Link

community logo
Join the TheDinarian Community
To read more articles like this, sign up and join my community today
0
What else you may like…
Videos
Podcasts
Posts
Articles
"The World Order That We Are Coming Into"

If XRP is the neutral bridge for all sovereign currencies, stablecoins, and tokenized assets, then it’s not just facilitating payments, it’s capturing all that value at every level. From smart contracts to tokenized treasuries and digitized assets, XRP forms the foundation and backbone for everything in between.

With cross-border payments representing a multi-trillion-dollar corridor, that’s where the largest capital will flow and the greatest returns will come from.

At this point, you’re the gatekeeper to the digital economy. Everything else follows or fades away once regulations take effect.

You either see it or you won’t until it’s too late.

~The Black Swan Capitalist

00:01:50
Denelle Dixon (Stellar CEO) On Bloomburg 🚀

'Everyone, including Mastercard and Visa, is looking at how this technology can make finance easier for their consumers and their business. I don't think there is going to be a loser, but I do think there will be shake-ups. And ultimately, the consumer is going to win.' - SDF CEO @DenelleDixon on @BloombergTV

00:05:29
We are minutes away from passing the GENIUS Act.
00:01:19
👉 Coinbase just launched an AI agent for Crypto Trading

Custom AI assistants that print money in your sleep? 🔜

The future of Crypto x AI is about to go crazy.

👉 Here’s what you need to know:

💠 'Based Agent' enables creation of custom AI agents
💠 Users set up personalized agents in < 3 minutes
💠 Equipped w/ crypto wallet and on-chain functions
💠 Capable of completing trades, swaps, and staking
💠 Integrates with Coinbase’s SDK, OpenAI, & Replit

👉 What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto 👉txns done by AI agents by 2025

🚨 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

👉 Coinbase just launched an AI agent for Crypto Trading
🚀 Ripple x Alchemy Pay: RLUSD On-Ramp Goes Live! 🌍

A new era for stablecoin adoption is here with Ripple and Alchemy Pay’s RLUSD on-ramp:

🔹 Buy RLUSD in 173+ countries using Visa, Mastercard, Apple Pay, Google Pay, and 300+ payment methods

🔹 RLUSD is fully backed 1:1 by USD, issued by Standard Custody—high liquidity, high trust

🔹 Available on XRP Ledger & Ethereum for fast, secure, cross-chain payments

🔹 Seamless fiat-to-crypto access for institutions and individuals—compliance at the core

🔹 Launch coincides with US GENIUS Act, giving stablecoins a clear regulatory framework

🔹 Alchemy Pay’s upcoming blockchain (Q4 2025) will boost stablecoin swaps and developer tools

🔹 RLUSD integration enhances Ripple’s ecosystem and could drive more XRP utility

This partnership bridges TradFi and DeFi, making stablecoins more accessible, credible, and global than ever! 💎🌐

https://franknez.com/ripple-and-alchemy-pay-now-launch-rlusd-on-ramp/

🔥 XRP Community Update! 🔥

Rumors are swirling about the US government seizing Ripple’s XRP escrow for national reserves—but here’s the real story:

🔹 Ripple lawyer Bill Morgan has flatly denied any US plans to seize XRP escrow: “No, it won’t.”

🔹 Speculation began after Ripple’s routine release of 1B XRP from escrow

🔹 Claims about the Fed using XRP for payments remain unverified—no official confirmation

🔹 President Trump has floated the idea of altcoins (XRP, SOL, ADA) in US reserves, fueling more chatter

🔹 Ripple’s tech is gaining traction in payments, but no evidence supports government seizure or reserve use

🔹 Always look for facts—speculation ≠ reality!

https://coingape.com/lawyer-denies-rumors-about-us-seizing-xrp-escrow-for-reserve/

post photo preview
🚀 On-chain Yield Meets Wall Street! 🚀

IXS, in partnership with OpenTrade, has launched the BlackRock High-Yield Corporate Bond Vault—bringing real-world bond yields to DeFi. Here’s why this is a game-changer:

🔹 Access BlackRock’s iShares 0–5 Year High Yield Corporate Bond ETF (SHYG) on-chain
🔹 Earn up to 8.5% APY, with daily interest accrual and zero fees during promo
🔹 Deposit USDC on Avalanche—no brokers, no onboarding delays
🔹 Withdraw anytime—no lockups, no gas hurdles
🔹 Backed by $6.4B in assets and a 4-star Morningstar rating
🔹 Real yield from real bonds, not just simulated returns
🔹 Fully tokenized, compliant, and always-on for digital-first investors
🔹 Brings institutional-grade fixed income directly to on-chain capital

The future of yield is here: transparent, credible, and powered by the world’s largest asset manager. 💎🌐

https://www.ixs.finance/news/ixs-launches-blackrocks-high-yield-corporate-bond-vault

https://coinmarketcap.com/currencies/ix-swap/

post photo preview
post photo preview
Dubai regulator VARA classifies RWA issuance as licensed activity
Virtual Asset Regulatory Authority (VARA) leads global regulatory framework - makes RWA issuance licensed activity in Dubai.

Real-world assets (RWAs) issuance is now licensed activity in Dubai.

~ Actual law.
~ Not a legal gray zone.
~ Not a whitepaper fantasy.

RWA issuance and listing on secondary markets is defined under binding crypto regulation.

It’s execution by Dubai.

Irina Heaver explained:

“RWA issuance is no longer theoretical. It’s now a regulatory reality.”

VARA defined:

- RWAs are classified as Asset-Referenced Virtual Assets (ARVAs)

- Secondary market trading is permitted under VARA license

- Issuers need capital, audits, and legal disclosures

- Regulated broker-dealers and exchanges can now onboard and trade them

This closes the gap that killed STOs in 2018.

No more tokenization without venues.
No more assets without liquidity.

UAE is doing what Switzerland, Singapore, and Europe still haven’t:

Creating enforceable frameworks for RWA tokenization that actually work.

Matthew White, CEO of VARA, said it perfectly:

“Tokenization will redefine global finance in 2025.”

He’s not exaggerating.

$500B+ market predicted next year.

And the UAE just gave it legal rails.

~Real estate.
~Private credit.
~Shariah-compliant products.

Everything is in play.

This is how you turn hype into infrastructure.

What Dubai is doing now is 3 years ahead of everyone else.

Founders, investors, ecosystem builders:

You want to build real-world assets onchain.

Don’t waste another year waiting for clarity.

Come to Dubai.

It’s already here.

 

Source

🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 PayPal: 
1) Simply scan the QR code below 📲
2) or visit https://www.paypal.me/thedinarian

🔗 Crypto – Support via Coinbase Wallet to: [email protected]

Or Buy me a coffee: https://buymeacoffee.com/thedinarian

Your generosity keeps this mission alive, for all! Namasté 🙏 Crypto Michael ⚡  The Dinarian

 

Read full Article
post photo preview
🎬Proof the Deep State Planned This War for Years🎬
Nation First outlines how the Israeli attack on Iran was planned by the Deep State and the Military Industrial Complex over 15 years ago.

Prepare to have your mind blown

~Namasté 🙏 Crypto Michael ⚡ The Dinarian

Dear friend,

What just happened in Iran wasn’t a surprise attack. It wasn’t a last-minute decision. It wasn’t even Israel acting alone.

It was a war plan written years ago — by men in suits, sitting in think tanks in Washington and New York. And yesterday, that plan was finally put into action.

Here’s the truth they don’t want you to know: this war was cooked up long before Trump ever became President — and it was designed to happen exactly this way.

Let’s start with what just happened.

Israel launched a massive, unexpected strike on Iran. They hit nuclear facilities. They killed military generals. They struck deep inside Iranian territory — and now the whole region is on edge, ready to explode into full-blown war.

The media is acting shocked. But I’m not. You shouldn’t be either.

Why?

Because we have the documents. They told us this was coming. Years ago.

Exhibit A: The Brookings Institution.

The Brooking Institution is a fancy name for what’s basically a war-planning factory dressed up as a research centre. Back in 2009, Brookings published a report called Which Path to Persia?

It laid out exactly how to get the U.S. into a war with Iran — without looking like the bad guy.

Here’s the sickest part:

“The United States would encourage — and perhaps even assist — the Israelis in conducting the strikes… in the expectation that both international criticism and Iranian retaliation would be deflected away from the United States and onto Israel.”

Let that sink in.

They literally suggested using Israel to start the war, so America could stand back and say, “Wasn’t us!”

They even titled a chapter of this report: “Leave It to Bibi” — naming Netanyahu as the guy to light the match.

Exhibit B: The Council on Foreign Relations (CFR).

The Council on Foreign Relations is an another Deep State operation. Also in 2009, CFR published a “contingency memothat laid out the whole military plan for an Israeli strike on Iran — step by step.

  • What routes the jets would fly (over Jordan and Iraq).

  • What bombs they’d use (the biggest bunker-busters in the U.S. arsenal).

  • Which Iranian sites to hit (Natanz, Arak, Esfahan).

  • And how Iran might respond (missiles, drones, threats to U.S. bases).

It’s like they had a time machine. Because those exact strikes just happened following the routes, likely using the bombs and hitting the sites that the CFR outlined.

Exhibit C: The Plot to Attack Iran by Dan Kovalik.

This one really blows the lid off.

US human rights lawyer and journalist Dan Kovalik, in his book The Plot to Attack Iran: How the CIA and the Deep State Have Conspired to Vilify Iran, shows how the CIA and Israel’s Mossad have been working together for decades — not just watching Iran, but actively sabotaging it. Killing scientists. Running cyberattacks. Feeding lies to the media to make Iran look like it’s always “six months away” from building a nuke.

He even reveals how they discussed false flag attacks — faking an Iranian strike to justify going to war. That’s not a conspiracy theory. That’s documented strategy.

And here’s where President Trump comes in.

Unlike the warmongers who wrote these plans, Trump wasn’t looking to bomb Iran. He wanted to talk. Negotiate. Make a deal — like he did with North Korea.

In fact, peace talks with Iran were just days away.

But someone didn’t want peace. Someone wanted war.

So Israel went in — just like the Brookings script said — and lit the fuse.

Trump didn’t authorise it. He didn’t want it. But they gazumped him. They went around him. And now, the peace he was trying to build has been blown to bits.

This was never about Iran being a threat. It was about keeping the war machine fed.

Think tanks, defence contractors, foreign lobbies — they don’t profit from peace. They thrive on tension. On fear. On war.

And now, thanks to them, the world’s one step closer to the edge.

If you’ve never trusted the mainstream media, you’re right not to.

If you’ve ever suspected there’s a shadowy agenda behind every war, you’re not paranoid.

You’re paying attention.

Because the documents are real. The war was planned. And the bombs are falling — right on schedule.

Pray for Iran’s civilians.

Pray for the Israelis caught in the crossfire.

Pray for a President who still wants peace.

And pray that we wake up before it’s too late.

Because the war has started.

But the truth has just begun to spread.

Until next time, God bless you, your family and nation.

Take care,

George Christensen

Source:

George Christensen is a former Australian politician, a Christian, freedom lover, conservative, blogger, podcaster, journalist and theologian. He has been feted by the Epoch Times as a “champion of human rights” and his writings have been praised by Infowars’ Alex Jones as “excellent and informative”.

George believes Nation First will be an essential part of the ongoing fight for freedom:

The time is now for every proud patriot to step to the fore and fight for our freedom, sovereignty and way of life. Information is a key tool in any battle and the Nation First newsletter will be a valuable tool in the battle for the future of the West.

— George Christensen.

Find more about George at his www.georgechristensen.com.au website.

🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 PayPal: 
1) Simply scan the QR code below 📲
2) or visit https://www.paypal.me/thedinarian

🔗 Crypto – Support via Coinbase Wallet to: [email protected]

Or Buy me a coffee: https://buymeacoffee.com/thedinarian

Your generosity keeps this mission alive, for all! Namasté 🙏 The Dinarian

 

Read full Article
post photo preview
The Possible Impact Of USDC On The XRP Ledger And RLUSD
Key Points
  • It seems likely that USDC on the XRP Ledger (XRPL) boosts liquidity, benefiting XRP, though some see it as competition for RLUSD.
  • Research suggests both stablecoins can coexist, enhancing the XRPL ecosystem.
  • The evidence leans toward increased network activity being good for XRP, despite potential competition.

The recent launch of USDC on the XRP Ledger has sparked discussions about its impact on the ecosystem, particularly in relation to RLUSD, Ripple's own stablecoin. This response explores whether this development is more about competition for RLUSD or if it enhances liquidity on the XRPL, ultimately benefiting XRP.
 

Impact on Liquidity and XRP

The introduction of USDC, a major stablecoin with a $61 billion market cap, likely increases liquidity on the XRPL by attracting more users, developers, and institutions. This boost can enhance DeFi applications and enterprise payments, potentially driving demand for XRP, the native token used for transaction fees. While some may view it as competition for RLUSD, the overall effect seems positive for the XRPL's growth.
 

Competition vs. Coexistence with RLUSD

USDC and RLUSD cater to different needs: USDC appeals to those valuing regulatory compliance, while RLUSD, backed by Ripple, may attract users preferring ecosystem integration. Research suggests both can coexist, increasing options and fostering innovation, rather than purely competing.
 

Detailed Analysis of USDC on XRPL and Its Implications

The integration of USDC on the XRP Ledger (XRPL), announced on June 12, 2025, by Circle, has significant implications for the ecosystem, particularly in relation to RLUSD, Ripple's stablecoin launched in 2024. This section provides a comprehensive analysis, exploring whether this development is more about competition for RLUSD or if it enhances liquidity on the XRPL, ultimately benefiting XRP.
 

Understanding RLUSD and Its Role

RLUSD, Ripple's stablecoin, received approval from the New York Department of Financial Services (NYDFS) in 2024 and is designed to be fully backed by cash and cash equivalents, ensuring stability. It is available on both the Ethereum and XRP Ledger blockchains, aiming to enhance liquidity, reduce volatility, and serve cross-border payments. With a current market cap of $413 million, RLUSD is smaller than USDC's $61 billion but has regulatory credibility, particularly appealing to institutions.
 

Impact of USDC on the XRPL

The launch of USDC on the XRPL is a significant development, given its status as the second-largest stablecoin by market cap.
 
Key impacts include:
  • Liquidity Boost: USDC's integration can attract more users, developers, and institutions, increasing overall liquidity. This is crucial for DeFi applications, as Circle's announcement emphasizes its use in liquidity provisioning for token pairs and FX flows.
  • Increased Utility: USDC enhances the XRPL's utility for enterprise payments, financial infrastructure, and DeFi, potentially making it more attractive for global money movement and transparent settlements.
  • Regulatory and Institutional Appeal: As a regulated stablecoin issued by Circle, USDC can bring institutional users to the XRPL, aligning with Ripple's goals for regulated financial activities.
  • Network Growth: Supporting a widely recognized stablecoin like USDC on 22 blockchains, including the XRPL, increases the network's visibility and adoption, potentially driving more activity.

Competition vs. Complementarity with RLUSD

While USDC's launch could be seen as competition for RLUSD, the evidence suggests a more nuanced relationship:
  • Competition: Both are stablecoins on the XRPL, and USDC's larger market presence ($61 billion vs. RLUSD's $413 million) might attract users and developers away from RLUSD. However, competition can drive innovation, such as lower fees or better services, benefiting the ecosystem
  • Complementarity: Different stablecoins cater to different needs. USDC appeals to users valuing regulatory compliance and widespread adoption across multiple blockchains, while RLUSD, backed by Ripple, may attract those preferring ecosystem integration and regulatory approval from NYDFS. The XRPL can benefit from having multiple options, increasing liquidity and fostering a diverse ecosystem.
  • Coexistence Benefits: Research suggests that having multiple stablecoins enhances liquidity and provides users with more choices, potentially leading to higher network activity. For example, institutions might use USDC for global payments and RLUSD for specific XRPL-integrated applications, creating a symbiotic relationships.

Impact on XRP

The introduction of USDC, alongside RLUSD, is likely beneficial for XRP, the native token of the XRPL, for several reasons:
  • Increased Liquidity and Activity: Higher liquidity on the XRPL, driven by both stablecoins, can increase transaction volumes. XRP is used for transaction fees, with some fees burned, potentially reducing supply over time and increasing demand.
  • DeFi and Enterprise Use Cases: Both USDC and RLUSD enhance DeFi and enterprise applications, such as liquidity pools and cross-border payments, which can drive demand for XRP as a settlement token.
  • Network Growth: A more liquid and active XRPL is more attractive to developers and users, potentially leading to long-term growth for XRP, as increased utility can drive its value.
Expert analyses, such as those from u.today and ledgerinsights.com, suggest the launch is a "massive boost" for liquidity and adoption, with RLUSD also playing a significant role.
 

Comparative Analysis: USDC vs. RLUSD

To further illustrate, consider the following table comparing key attributes:
 
Given the evidence, it is more accurate to view the introduction of USDC on the XRPL as beneficial for liquidity, which is ultimately good for XRP, rather than solely as competition for RLUSD. The XRPL benefits from increased options, with both stablecoins enhancing liquidity, utility, and network growth. While some competition exists, the overall impact is positive, fostering a robust ecosystem that can drive demand for XRP. This conclusion aligns with expert analyses and community discussions, acknowledging the complexity of the stablecoin market within the XRPL.
 

🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 PayPal: 
1) Simply scan the QR code below 📲
2) or visit https://www.paypal.me/thedinarian

🔗 Crypto – Support via Coinbase Wallet to: [email protected]

Or Buy me a coffee: https://buymeacoffee.com/thedinarian

Your generosity keeps this mission alive, for all! Namasté 🙏 The Dinarian

Read full Article
See More
Available on mobile and TV devices
google store google store app store app store
google store google store app tv store app tv store amazon store amazon store roku store roku store
Powered by Locals