Market News

AMINA Bank Becomes First European Institution to Integrate Ripple Payments

Ripple has recently partnered with Switzerland-based AMINA Bank, marking a significant development in the European financial landscape.

As the first European bank to employ Ripple Payments, AMINA Bank aims to facilitate near real-time cross-border transactions.

This partnership addresses the gap between traditional fiat systems and blockchain, appealing to clients who require a compliant infrastructure.

By utilizing Ripple’s technology, AMINA Bank will enhance its settlement capabilities, making processes efficient for both fiat and crypto-native clients.

The integration aims to ease operational challenges faced by companies dealing with legacy banking systems, which often slow down transactions.

Myles Harrison, AMINA Bank's Chief Product Officer, mentioned that traditional networks are not equipped for stablecoin transactions, and Ripple’s support helps reduce this friction.

Additionally, Ripple’s Managing Director for the UK and Europe, Cassie Craddock, emphasized the library of cross-border options available through this collaboration.

As Ripple continues to expand its institutional payments network, this partnership signifies growing bank interest in digital asset integration.

The collaboration not only positions AMINA Bank strategically in the market but also reinforces Ripple's overarching mission to bridge various currency and asset types.

With more than $95 billion in volume processed by Ripple Payments, the integration with AMINA Bank is part of a broader movement to modernize banking practices in Europe.