Large Banks Enter the Cryptocurrency Field — Ripple May Be the Biggest Winner

Ripple is no longer just a blockchain experiment; it is rapidly becoming the cornerstone of modern banking infrastructure. Currently, over 300 financial institutions are using RippleNet for cross-border payments, handling billions of dollars in settlements with exceptional efficiency. Reports confirm that in the second quarter of 2025, institutional purchases of XRP exceeded $7.1 billion, highlighting its increasing acceptance among banks and payment providers.

Global institutions such as Santander Bank, SBI Holdings, and PNC Bank have already deployed Ripple-based platforms. Santander Bank's 'One Pay FX' application enables nearly instant global transfers, while SBI Remit utilizes XRP's on-demand liquidity feature for remittances in Asia. These real-world use cases are no longer just theoretical — they are regulated real-time banking solutions used by millions of customers.

The clarity of regulation further solidifies this momentum. The landmark settlement reached with the U.S. Securities and Exchange Commission (SEC) formally establishes that XRP should not be classified as a security on the secondary market. This legal breakthrough has led to the relisting of XRP on U.S. exchanges and rekindled optimism regarding the prospects of a spot XRP ETF. With regulatory hurdles removed, banks and asset management companies now have a clear path to integrate Ripple's solutions on a large scale.

Ripple's expansion in the U.S. is equally noteworthy. By applying for a banking license and access to a Federal Reserve master account, Ripple is no longer positioning itself as an outsider in the fintech space, but rather as a regulated participant in the financial system. This ambition underscores why banks are increasingly collaborating with Ripple: they seek to harness cryptocurrency technology that can scale within a compliance framework.