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Ripple is Reported to be partnered with the 38 Largest banks of the World

The latest report shows that in the list of the 100 largest banks of the world, the 38 banks are linked with the Ripple. These banks are using Ripple’s blockchain network for cross-border services.

XRP Arcade has come up with the list of the giant banks and claimed that there are one hundred banks all over the world and thirty-eight out of these have integrated, invested or tested the Ripple’s network for sending and receiving payments across the countries as the company is known for offering payments services across the borders secure and fast.

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List of 100-largest Banks of World

The list of the top 100 banks of the list was based on the report by S&P Global Market Intelligence conducted in 2019. The banks are ranked on the basis of the value of the banks’ total assets.

XRP Arcade also explained the extent of partnership between the company and the banks. All these giant financial institutions are using the payment messaging service. It is also mentioned in the report that 18 out of 38 are using Ripple’s technology for cross-border payments.

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It is very interesting to pinpoint here that Japan’s Mitsubishi UFJ Financial Group is the official customer of the company that is the fifth-largest bank of the world.

Following are the list of 18 banks that are currently utilizing the technology of Ripple:

  • BNP Paribas
  • Japan Post Bank
  • Banco Santander
  • Royal Bank of Canada
  • HSBC (Through Saudi British Bank)
  • UBS
  • UniCredit
  • Standard Chartered
  • Westpac
  • Bank of Montreal
  • DZ Bank (Through Reisebank)
  • Sumitomo Mitsui Trust Holdings
  • Canadian Imperial Bank of Commerce
  • Nomura Holdings Inc
  • Itau Unibanco
  • PNC Financial Services
  • Banco Bradesco SA
  • Skandinaviska Enskilda Banken AB

No one in the list is using the company official cryptocurrency called XRP in cross-border payments. Besides the latest status of the partnerships with giant banks, the Ripple is said to be partnered with more than 300 different financial institutions in more than forty countries across the world.

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Hassan Mehmood

Hassan is currently working as a news reporter for Tokenhell. He is a professional content writer with 2 years of experience. He has a degree in journalism.

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