XRP News Today: Ripple's XRP in Test Mode with 100+ Global Banks Sparks Institutional Blockchain Adoption

A newly disclosed document shared by crypto researcher SMQKE reveals that Ripple’s XRP is currently in “test mode” with over 100 global banks, signaling expanding institutional engagement with blockchain-based cross-border payment solutions. The document, posted on X (formerly Twitter), outlines ongoing collaborations with major financial institutions including Santander, Bank of America, Axis Bank, and Standard Chartered. These banks are reportedly evaluating Ripple’s blockchain infrastructure, which leverages XRP to facilitate low-liquidity asset transactions and accelerate settlement processes [1]. The analysis highlights Ripple’s ecosystem, which includes co-investors such as Google, Goldman Sachs, and Banco Santander, and underscores the platform’s capabilities: high transaction speed, scalability, and multi-currency compatibility [1].

Santander’s operational deployment of Ripple’s technology provides a concrete example of the system’s integration. The Times Tabloid previously reported that Santander has implemented a fully functional blockchain-based payment solution called One Pay FX, which is described as a mature, integrated product rather than a pilot program. This platform, built on Ripple’s infrastructure, aims to streamline cross-border transactions by reducing costs and processing times [1]. While live XRP settlements remain limited, the scale of test mode operations across major banks indicates growing institutional interest in blockchain for financial infrastructure.

Ripple, founded in 2005 as a centralized fintech firm, introduced XRP in 2012 to advance its vision for global payments. The document emphasizes Ripple’s collaborative approach, leveraging partnerships to refine its blockchain solutions. Santander’s operational use of One Pay FX reinforces the practical viability of Ripple’s technology, even as test mode activities remain exploratory. The distinction between trial phases and live systems is critical, as it clarifies the current stage of XRP’s integration into banking workflows [1].

The implications of these developments extend beyond Ripple’s ecosystem. The involvement of over 100 banks signals a broader shift toward blockchain adoption in traditional finance, particularly for cross-border transactions. While XRP’s role in live settlements remains limited, the scale of testing suggests that blockchain could evolve into a complementary infrastructure for financial institutions. This aligns with industry trends where incumbents seek to integrate distributed ledger technology to address inefficiencies in legacy systems [1].

SMQKE’s documentation and prior reporting by Times Tabloid provide a factual basis for the claims, though the operational success of One Pay FX does not necessarily predict widespread XRP adoption. The analysis must remain grounded in the provided data, avoiding speculative projections. The test mode framework allows banks to evaluate technical feasibility and regulatory compliance without immediate market exposure, a cautious approach common in fintech adoption cycles [1].

Source: [1] Times – [https://timestabloid.com/new-document-xrp-is-in-test-mode-for-over-100-banks/](https://timestabloid.com/new-document-xrp-is-in-test-mode-for-over-100-banks/)