Ripple has partnered with crypto bank AMINA Bank to provide cross-border settlement services

Ripple announced a partnership with Swiss crypto bank AMINA Bank, which becomes 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, minute-level cross-border fund settlement without relying on traditional correspondent banking systems.

The collaboration aims to address the inefficiencies faced by crypto-native enterprises in cross-border payments, particularly in stablecoin settlements, within the traditional banking system. Ripple Payments supports the parallel processing of fiat and stablecoins, bridging the gap between Web3 and traditional finance.

AMINA Bank stated that the introduction of 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 the custody and trading of Ripple's stablecoin RLUSD.