38% of the world’s top 100 banks have been linked to Ripple
At least 38 of the world’s 100 biggest banks have reportedly tested, integrated or invested in Ripple’s cross-border payments technology.
This list is based on the 2019 S&P Global Market Intelligence report of the 100 largest banks in the world by total assets. The list links the top 100 banks by assets and Ripple. Currently, 38% of the world’s top 100 banks have been linked to Ripple. Bear in mind that there are NDAs in place and banks might be connected to Ripple via other integrators.
This is banks as Customer and Trial
Mitsubishi UFJ Financial Group
HSBC Holdings PLC
Bank of America
Japan Post Bank
Sumitomo Mitsui Financial Group
Mizuho Financial Group
Royal Bank of Canada
Royal Bank of Scotland Group
Banco Bilbao Vizcaya Argentaria
Australia and New Zealand Banking Group
Bank of Montreal
National Australia Bank
Sumitomo Mitsui Trust Holdings
Canadian Imperial Bank of Commerce
CaixaBank (Unconfirmed, seen in demo)
Shinhan Financial Group
Nomura Holdings Inc.
PNC Financial Services
Banco Bradesco SA
Woori Financial Group Inc.
Skandinaviska Enskilda Banken AB
Erste Group Bank AG
Overall, Ripple says more than 300 financial institutions in 40-plus countries use its technology, including American Express, MoneyGram, Santander and SBI Remit.
In the absence of the actual service used, it’s worth noting that several of the companies related to Ripple, especially banks, are mostly using the company’s payments messaging platform, XCurrent. A few or none of the companies use Ripple’s liquidity product that uses Ripple cryptocurrency, XRP, due to volatility issues.
Talking about XRP, despite the growing number of partnership and positive developments of Ripple, the cryptocurrency continues to suffer in terms of market value, a situation which has left many crypto investors who bought the cryptocurrency during its earlier stage worried.
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