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

Crédit Agricole

Japan Post Bank

Sumitomo Mitsui Financial Group

Mizuho Financial Group

Banco Santander

Barclays PLC

Royal Bank of Canada

Toronto-Dominion Bank

UBS

UniCredit

Intesa Sanpaolo

Royal Bank of Scotland Group

Scotiabank

Banco Bilbao Vizcaya Argentaria

Commonwealth Bank

Standard Chartered

Australia and New Zealand Banking Group

Rabobank

Nordea

Westpac

Bank of Montreal

DZ Bank

National Australia Bank

Sumitomo Mitsui Trust Holdings

Canadian Imperial Bank of Commerce

CaixaBank (Unconfirmed, seen in demo)

Shinhan Financial Group

Nomura Holdings Inc.

DBS Bank

Itau Unibanco

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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