Key Highlights
- Ripple partners with AMINA Bank to streamline cross-border payments for crypto-focused companies.
- The upgrade reduces friction in handling fiat and stablecoin transactions across banking systems.
- Ripple’s global rails covering 90% of FX markets enhance AMINA’s speed and reliability.
Ripple has entered a new partnership with Switzerland’s AMINA Bank to enable near real time cross border payments for the bank’s clients that are using Ripple Payments.
As per the press release, AMINA Bank is the first European bank to adopt Ripple’s licensed, end-to-end payments system, which is designed to connect traditional banking rails with blockchain-based transactions.
By integrating Ripple’s Payments, AMINA Bank looks to cut delays that usually characterize the transfer of money across systems. This will also bring an easier flow of funds across borders and settle transactions quickly, at cheaper costs, and more reliably, independent of older, slower rails in banking for AMINA clients.
Reducing stablecoin payment friction
The deal aims to address a common problem for Web3 companies: traditional banks aren’t built to handle stablecoin and fiat transactions side by side.
AMINA Bank says this mismatch often slows down cross-border payments or adds unnecessary friction. With this upgrade, the bank expects clients to send and settle funds more smoothly without relying on the slower processes of legacy correspondent banking networks.
The partnership also builds on the bank’s earlier move to support Ripple USD (RLUSD) for custody and trading. Ripple says its payment rails now span regions covering over 90% of daily FX markets, with availability in countries including Australia, Brazil, Mexico, Singapore, Switzerland, Dubai, and the U.S.
What executives say
Myles Harrison, AMINA Bank’s Chief Product Officer, noted that stablecoin transactions still don’t fit well within many banks’ systems. Ripple’s infrastructure, he said, gives AMINA the ability to support both fiat and blockchain rails at the same time, improving the speed and reliability of international transfers for its crypto-native customers.
“With Ripple’s support, we are now able to significantly increase our capability, reducing cross-border friction and helping our crypto-native clients maintain their competitive edge,” he added.
Ripple’s Cassie Craddock said the partnership positions AMINA Bank as a gateway for crypto firms entering traditional finance, noting that Ripple’s licensed system helps link fiat and blockchain payment rails.
Together, the two companies aim to make it easier for digital-asset firms to access the kind of payment infrastructure traditionally reserved for mainstream financial institutions—without the usual delays that come with cross-border banking.
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