United States / AlexaBlockchain / — According to a list compiled by XRPArcade, At least 38 of the world’s 100 largest banks have reportedly tested, integrated or invested in Ripple’s remittance technology.
Of the 38 banks linked to Ripple, 18 are actively using Ripple’s technology. All of them are using the startup’s payments messaging platform, which is designed to rival Swift. To date, none of them are using Ripple’s liquidity product, which utilizes XRP for cross-border payments.
The largest Ripple banking customer, Japan’s Mitsubishi UFJ Financial Group, is the fifth-largest bank in the world, with reportedly more than $2.8 trillion in total assets.
Following is the list of banks linked to Ripple (XRP):-
Japan Post Bank
Royal Bank of Canada
HSBC (Through Saudi British Bank)
Bank of Montreal
DZ Bank (Through Reisebank)
Sumitomo Mitsui Trust Holdings
Canadian Imperial Bank of Commerce
Nomura Holdings Inc
PNC Financial Services
Banco Bradesco SA
Skandinaviska Enskilda Banken AB
Ripple claims that more than 300 financial institutions in 40-plus countries use its technology, including American Express, MoneyGram, Santander and SBI Remit.