Ripple Partners with Crypto Bank AMINA Bank to Provide Cross-Border Settlement Services

BlockBeats News, December 17, Ripple announced a partnership with the Swiss crypto bank AMINA Bank, making it the first European bank to adopt Ripple's end-to-end payment solution. By integrating Ripple Payments, AMINA Bank can provide customers with 24/7, real-time cross-border fund settlement without relying on the traditional correspondent banking system.

This partnership aims to address the inefficiencies of the traditional banking system that native crypto enterprises face in cross-border payments, especially in stablecoin settlements. Ripple Payments support the parallel processing of fiat and stablecoins, bridging the gap between Web3 and traditional finance.

AMINA Bank stated that adopting 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 Ripple's stablecoin RLUSD custody and trading.