Ripple announced on Friday that AMINA Bank has officially become the first European banking institution to deploy its Ripple cross-border payments solutions for near-instant operations. The Swiss entity, strictly regulated by FINMA, seeks to close the critical operational gap between traditional finance and modern digital assets. Myles Harrison, Chief Product Officer at the bank, stated that this strategic alliance is essential to maintain the competitive edge of its corporate clients.
On the other hand, technical data confirms that the Ripple Payments infrastructure already processes volumes exceeding 95 billion dollars on a global level. This technological integration will allow AMINA’s clients to perform settlements much faster and at a reduced operational cost compared to old methods.
The network offers the reliability required by institutions that operate in multiple currencies and with diverse types of complex digital assets. Furthermore, the service coverage spans key markets representing more than 90% of current global foreign exchange trading.
Likewise, it is important to highlight that this collaboration reinforces an existing relationship, as the bank had previously adopted support for Ripple USD (RLUSD). Web3-native companies often face significant operational friction when interacting with legacy banking systems that tend to be slow.
Traditional correspondent banking rails were not designed to support the speed of stablecoin transactions demanded by the current digital economy. Therefore, this hybrid solution alleviates the administrative burden firms suffer when navigating between both financial worlds.
Will this alliance manage to redefine settlement standards for European institutional banking?
On another note, the capacity to act as an efficient bridge between fiat rails and the blockchain proves fundamental for the sector. Cassie Craddock, Ripple executive for Europe, noted that this includes direct access to rapid payments using RLUSD and other stablecoins.
This partnership expands the bank’s ability to offer seamless cross-border payment solutions that modern institutional investors urgently require nowadays. In this way, the market reaction could favor greater integration of crypto services within established conventional banking.
Finally, this launch positions Switzerland once again as a nerve center for regulated financial innovation and the adoption of new technologies. It is anticipated that digital payments infrastructure will continue expanding into other major financial jurisdictions in the coming months of the year.
The growing interest among banks to integrate digital asset infrastructure suggests an irreversible paradigm shift towards banking modernization. Blockchain technology thus consolidates itself as the fundamental pillar for the future of secure and efficient international transactions.
