Ripple celebrates a historic milestone in Europe. The Swiss AMINA Bank will be the first European bank to use Ripple Payments for cross-border payments. The partnership could mark the starting point for broader adoption in Europe. For the XRP ecosystem, this is a tremendous step forward.
AMINA Bank: Swiss crypto pioneer chooses Ripple
AMINA Bank AG is not an ordinary financial institution. As a FINMA-regulated crypto bank, it is one of the pioneers in the industry. Founded in 2018 in Zug, it received the coveted Swiss banking license in 2019. Now it is taking the next revolutionary step.
Through the integration of Ripple Payments, AMINA customers can soon make cross-border payments almost in real-time. The technology connects traditional banking rails with blockchain rails. The result: faster transactions, lower costs, and maximum transparency.
The partnership builds on an existing relationship. Earlier this year, AMINA Bank became the world's first bank to support Ripple's stablecoin RLUSD. Custody and trading services for RLUSD customers were just the beginning – now the full payment integration follows.
Why this partnership is a game changer
Native Web3 companies are struggling daily with legacy banking systems. Particularly, cross-border stablecoin transactions face massive hurdles. Traditional correspondent banks were simply not built for these requirements.
Myles Harrison, Chief Product Officer at AMINA Bank, puts it succinctly: crypto-native customers need infrastructure that processes fiat and stablecoins simultaneously. With Ripple, AMINA can deliver exactly that. The friction losses in cross-border payments decrease drastically.
For customers, this means a real competitive advantage. Transactions that used to take days are now completed in minutes. Costs are decreasing, and reliability is increasing. This is a massive advantage, especially for companies with international business.
Ripple is aggressively expanding in Europe
Cassie Craddock, Managing Director UK & Europe at Ripple, sees the partnership as a bridge between two worlds. AMINA Bank will become the on-ramp for digital asset innovators into traditional financial infrastructure. The licensed payment technology seamlessly connects fiat and blockchain rails.
AMINA customers gain access to payments with RLUSD and other stablecoins. Additionally, fast payouts in multiple currencies are possible. The combination of compliance, security, and speed is unique in the market.
Ripple Payments now covers over 90 percent of daily FX markets. The transaction volume exceeds 95 billion dollars. The licensed solution is available in Australia, Brazil, Dubai, Mexico, Singapore, Switzerland, and the USA.
What this means for XRP and the crypto market
The news is a strong signal for institutional adoption. When a FINMA-regulated bank bets on Ripple, others will follow. Europe has long been considered difficult terrain for crypto companies – this partnership could change that.
AMINA Bank holds licenses in Switzerland, Abu Dhabi, Hong Kong, and Austria. The MiCAR-compliant setup in Austria opens doors to the entire EU market. Ripple is strategically positioning itself for European crypto regulation.
For XRP holders, the news is bullish. Every institutional partnership strengthens the ecosystem. The integration of RLUSD also shows that Ripple's stablecoin strategy is working.
The dominoes in Europe are beginning to fall.
