- AMINA Bank goes live with Ripple Payments, the first regulated European bank to adopt the system.
- Clients can now make fast cross-border transfers in fiat and stablecoins, reducing costs and delays.
- Ripple strengthens its bridge between crypto and traditional banking, expanding its global network.
Ripple has reached a milestone in Europe as AMINA Bank becomes the first regulated European bank to use Ripple Payments. This expands Ripple’s network of licensed payment partners worldwide.
According to an official release today, AMINA Bank AG, a FINMA-regulated crypto bank, has integrated Ripple Payments to offer near-instant cross-border transfers to its clients. The partnership helps bridge the gap between blockchain and traditional banking, making transactions smoother and faster.
With Ripple’s system built into its core services, AMINA Bank can now let clients move money easily across fiat and stablecoins, cutting costs, speeding up transfers, and improving transparency and reliability.
Meeting the Needs of Web3 Businesses
According to AMINA Bank’s Chief Product Officer Myles Harrison, crypto-focused companies still face challenges when dealing with traditional banks, especially for cross-border stablecoin transactions, which most banks don’t handle at scale.
Harrison said AMINA’s clients need a system that can manage both fiat payments and stablecoins simultaneously, something traditional banking networks weren’t built for. Ripple’s technology helps AMINA support these clients more effectively and eliminates long-standing delays and obstacles.
Ripple Strengthens Its Role as a Bridge Between Fiat and Blockchain
Cassie Craddock, Ripple’s Managing Director for the UK and Europe, said the partnership makes AMINA Bank a gateway between crypto innovators and traditional finance. She highlighted that Ripple’s licensed technology allows AMINA’s clients to send payments with Ripple USD (RLUSD) and other stablecoins, as well as fast multi-currency transfers.
Craddock added that AMINA’s adoption shows the forward-thinking approach needed to make digital assets more mainstream.
Related: Ripple’s RLUSD Surges Past $1 Billion Market Cap With Multi-Chain Strategy Driving Growth
Building on a Growing Relationship
The collaboration expands an existing relationship between Ripple and AMINA. Earlier this year, AMINA became the world’s first bank to support RLUSD, offering custody and trading services for the stablecoin.
Today, Ripple Payments spans markets covering over 90% of daily FX flows and has processed more than $95 billion in volume. The service is now active in Australia, Brazil, Dubai, Mexico, Singapore, Switzerland, and the United States.
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