Ripple partners with crypto bank AMINA Bank to provide cross-border settlement services
BlockBeats News, December 17, Ripple announced a partnership with Swiss crypto bank AMINA Bank, making the latter the first European bank to adopt Ripple's end-to-end payment solution. By integrating Ripple Payments, AMINA Bank can offer its clients 24/7, minute-level cross-border fund settlements without relying on the traditional correspondent banking system.
This partnership aims to address the inefficiencies faced by crypto-native enterprises in cross-border payments, especially in stablecoin settlements, within the traditional banking system. Ripple Payments supports parallel processing of fiat and stablecoins, building a bridge between Web3 and traditional finance.
AMINA Bank stated that introducing Ripple technology will significantly reduce cross-border friction and enhance its ability to serve crypto-native clients. Earlier this year, AMINA became the world's first bank to support custody and trading of Ripple's stablecoin RLUSD.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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