Ripple is no longer just a simple blockchain experiment; it is rapidly becoming the backbone of modern banking infrastructure. Over 300 financial institutions are currently using RippleNet for cross-border payments, processing billions of transactions with astonishing efficiency. Reports confirm that in Q2 2025, institutions purchased XRP worth over $7.1 billion, demonstrating the growing acceptance of this cryptocurrency by banks and payment service providers.
Why banks are betting on Ripple
Global institutions such as Santander, SBI Holdings, and PNC Bank have deployed the Ripple platform. Santander's 'One Pay FX' application allows for nearly instant global money transfers, while SBI Remit leverages XRP's On-Demand Liquidity feature for remittances in Asia. These practical applications are no longer theoretical - they are direct banking solutions, tightly regulated, used by millions of customers.
This growth momentum is reinforced by regulatory clarity. A historic agreement with the SEC has established that XRP should not be classified as a security in the secondary market. This legal advancement has facilitated the return of XRP to exchanges in the U.S. and created hope for the prospects of direct XRP trading funds. With the legal barriers removed, banks and asset management companies now have a clear roadmap to integrate Ripple's solutions on a large scale.
Ripple's expansion in the United States has similar implications. By seeking a banking license and accessing the Federal Reserve's master account, Ripple is positioning itself not as a suburban fintech company but as a regulated participant in the financial system. This ambition highlights why banks are increasingly collaborating with Ripple: they want cryptocurrency technology to be scalable within regulatory compliance frameworks.
The banking adoption of XRP enhances the legitimacy of cryptocurrency, ensuring that regulatory frameworks accept digital assets rather than exclude them. This creates a positive impact: as institutions validate cryptocurrency, investor demand for smaller tokens often surges.
Register a Binance account to receive perpetual trading fee rebates:
- New account registration link: https://accounts.binance.com/register?ref=Q2FSX523
- Referral code: Q2FSX523
