XRP News Today: RippleNet Gains Traction with 300+ Global Financial Institutions

RippleNet, Ripple’s enterprise blockchain network designed for real-time global payments, is gaining traction among financial institutions worldwide. A recent tweet from crypto commentator X Finance Bull highlighted the growing institutional use of RippleNet, showcasing a graphic that includes various financial institutions—such as remittance services, commercial banks, and payment processors—that are either already using or have partnered with RippleNet. Notable names mentioned include Santander, SBI Remit, Itaú, IndusInd Bank, Airwallex, and TransferGo.

X Finance Bull’s tweet emphasized that the onboarding of the global banking system by XRP is not speculative but involves real institutions, real rails, and real-time payments powered by RippleNet. The tweet underscored that mass adoption is already underway, questioning whether individuals are prepared to participate in this shift.

The sentiment within the XRP community supports the idea that RippleNet’s continued integration of regulated financial entities worldwide demonstrates the tangible utility of Ripple’s payment infrastructure. While RippleNet does not require XRP for all transactions, it serves as the foundational network for On-Demand Liquidity (ODL), Ripple’s solution that uses XRP to facilitate cross-border settlements without pre-funded accounts. This perspective was affirmed by another user, MissXRP, who noted that the adoption of RippleNet by global banks is happening now and will continue to grow.

The image attached to the tweet features a range of RippleNet partners from various regions, reinforcing the claim that RippleNet’s footprint spans across major financial corridors. Ripple’s partnerships with institutions such as SBI Remit in Japan and Banco Santander in Europe indicate active corridors already processing real-time transactions. Ripple’s goal of modernizing cross-border payments through blockchain and digital assets has been longstanding, aiming to resolve inefficiencies in traditional international transfers that can be slow, opaque, and expensive.

RippleNet seeks to address these issues by allowing institutions to communicate in real time and settle instantly, using digital assets like XRP, where liquidity advantages are evident. While some critics have questioned the scale or depth of XRP’s role in the process, proponents highlight that the infrastructure is not speculative. Partnerships are disclosed publicly, the rails are active, and several use cases, particularly involving On-Demand Liquidity, are already in production.

The argument presented by X Finance Bull aligns with Ripple’s stated strategy of targeting financial institutions, payment providers, and banks to integrate RippleNet into their core operations. Ripple has signed deals with over 300 financial institutions globally, and the number continues to grow. Meanwhile, XRP remains among the most liquid digital assets in the market and is central to Ripple’s cross-border liquidity services.