The World’s Biggest Banks Lead the Blockchain Charge

We’ve said it before and we’ll say it again: The future is here. Blockchain is no longer just a buzzword, but a leading solution for sending global payments.

In fact, the momentum is visible: RippleNet currently counts 11 of the world’s top 100 banks by total assets as customers, all of whom are at various stages of deploying our solution for frictionless payments commercially — and this number is growing rapidly every month.

We now have over 100 customers on the network, and more than 80 are banks that span every corner of the globe.

These first-mover banks and financial institutions who’ve embraced blockchain to solve for real problems — like inefficient, slow, and costly payments — will better serve their customers and flourish.

11 of the world’s biggest banks are RippleNet members

Blockchain is revolutionizing the world and we’re harnessing the technology to revolutionize payments and create an Internet of Value.

MUFJ — the world’s fifth largest bank by assets at $2.6 trillion — was one of the first customers to join RippleNet. Credit Agricole — the world’s 11th (and Europe’s third) largest bank with $1.82 trillion in assets — is set to process real remittance payments for its employees between France and Switzerland, too. Four other RippleNet members also rank in the top 20 banks worldwide, including Bank of America, Credit Agricole, Mizuho Financial Group and Santander.

Marcus Treacher, Ripple’s global head of strategic accounts, said: “Blockchain technology is being adopted by the mainstream, including the biggest financial institutions in the world. They see value in our solution not only because it can increase their bottom line, but because it enables them to offer their customers an enhanced payments service, ultimately helping them to gain market share and free-up capital for other investments and business activities.”

Of the remaining top 100 banks by assets worldwide, another six are also RippleNet members, including UBS, RBC, UniCredit S.p.A., Standard Chartered, Westpac, BMO.

The future is already here and is evident in the momentum of our network. Customers — including banks and payment providers — are using xCurrent at record pace, processing over half a billion U.S. dollars’ worth of real volumes, with some looking to source liquidity with XRP.

This is the time to join us.

Learn more about RippleNet and our suite of products, including xCurrent, xVia and xRapid.