$XRP

The XRP, native token of RippleNet (Ripple Labs' platform), is primarily used to facilitate fast and low-cost international payments. Several banks and financial institutions around the world have tested or adopted Ripple's solutions, some of which use XRP directly (via a settlement system called On-Demand Liquidity – ODL). Below, I list the main countries and banks/institutions involved with XRP or Ripple:

1. Countries with the most active use of XRP via RippleNet/ODL

These countries have institutions that use XRP directly for settlement via ODL:

Japan:

SBI Holdings (a major supporter of Ripple and XRP, including joint ventures).

Japan is one of the largest markets for XRP.

Philippines:

Companies like Coins.ph use ODL for remittances.

Mexico:

Bitso, a Mexican exchange, acts as Ripple's ODL partner.

Used for remittances from the USA to Mexico.

Brazil:

Ripple has an active operation in the country.

Partnerships with banks and fintechs, such as Travelex Bank, using ODL.

Australia:

Partners like Novatti Group and FlashFX use ODL.

Thailand:

Siam Commercial Bank has previously worked with Ripple (though not all cases involve XRP).

2. Banks and institutions that use or have tested Ripple/XRP

Financial institutions that have used or tested ODL (with XRP):

Tranglo (Malaysia)

SBI Remit (Japan)

Bitso (Mexico)

FlashFX (Australia)

Travelex Bank (Brazil)

Institutions that use RippleNet (but not always XRP directly):

Santander (Spain and global) – uses RippleNet for international payments (One Pay FX service).

Bank of America (USA) – confirmed partnership with Ripple for payment technology.

PNC Bank (USA) – RippleNet partner.

Standard Chartered (UK) – strategic partner of Ripple.

MUFG Bank (Japan).

National Australia Bank and Westpac (Australia).

3. Important notes

Not all banks that use RippleNet use XRP directly.

Some only use Ripple's network (messaging/payment technology) but maintain traditional settlement.