In the ever-evolving world of blockchain and cryptocurrency, XRP – the native digital asset of the Ripple network – continues to spark debate. Once hailed as the crypto that would revolutionize global banking, XRP’s real-world adoption has been a topic of both excitement and skepticism.
But which banks and financial institutions are actually using XRP today? Are global banks truly on board, or is XRP adoption still limited to smaller fintech players?
Let’s separate hype from reality and explore who’s using XRP in 2025.
🔍 First, What’s the Difference Between Ripple, XRP, and RippleNet?
Before diving into bank names, it’s important to clarify the key differences:
- Ripple: The company behind the XRP Ledger and payment technologies.
- XRP: A digital currency used in Ripple’s On-Demand Liquidity (ODL) solution to bridge cross-border payments.
- RippleNet: Ripple’s global network for financial institutions. RippleNet does not require XRP – some banks use RippleNet tech without touching crypto.
📚 Want to go deeper? Check out our guide on Ripple vs. XRP: What’s the Difference?
✅ Banks and Institutions Actively Using XRP via ODL
Here’s a breakdown of institutions that have confirmed active use of XRP through On-Demand Liquidity (ODL):
1. SBI Remit (Japan)
SBI is Ripple’s strongest partner in Asia. In 2024, they expanded their XRP usage for real-time remittances between Japan and the Philippines. According to SBI Holdings CEO Yoshitaka Kitao:
“XRP is the key to transforming cross-border payments… Our vision aligns with Ripple’s mission to enable the Internet of Value.”
2. Tranglo (Asia-Pacific)
Tranglo facilitates XRP-based ODL corridors across Southeast Asia. They’ve processed millions of transactions using XRP as a bridge asset.
3. Pyypl (MENA region)
This fintech firm partnered with Ripple to launch XRP-powered ODL corridors in the Middle East and Africa, targeting unbanked populations.
4. Novatti (Australia)
A RippleNet partner that uses XRP for remittances between Australia and Southeast Asia.
5. Sendi (Brazil)
Ripple’s entry point into Latin America. Sendi is currently rolling out XRP-powered payments for B2B remittance flows.
🏦 Banks Partnered with Ripple (But Not Using XRP)
These financial giants use RippleNet’s software solutions, but they’ve either not adopted XRP or haven’t confirmed it publicly:
- Santander 🇪🇸 – Uses RippleNet in its One Pay FX app, but not XRP.
- PNC Bank 🇺🇸 – Joined RippleNet in 2019 but XRP usage is unconfirmed.
- Bank of America 🇺🇸 – Official Ripple partner, but XRP usage is kept under wraps.
- Standard Chartered 🇬🇧 – Investor in Ripple, uses the tech for internal settlements.
- Axis Bank & Yes Bank 🇮🇳 – RippleNet members serving cross-border Indian remittances.
💡 Fun fact: Ripple once claimed over 300 partners worldwide – but only a portion ever used XRP.
🧠 Why Are Some Banks Hesitant to Use XRP?
Despite the tech’s promise, most traditional banks are wary of adopting XRP for several reasons:
- Regulatory uncertainty – Especially in the U.S. due to the SEC vs. Ripple lawsuit (which partially resolved in 2023).
- Volatility concerns – Banks prefer stable assets or fiat-based systems.
- Compliance risks – Not all jurisdictions are crypto-friendly.
However, Ripple CEO Brad Garlinghouse remains bullish:
“We’re solving real-world problems with real customers. XRP’s role as a bridge currency isn’t theory—it’s being used in production every day.”
🌎 The Future of XRP in Banking
While XRP adoption by big banks is still limited, the tide is turning slowly. Ripple’s expansion into emerging markets, CBDC development, and partnerships in Latin America, Asia, and Africa hint at long-term global utility.
If regulatory clarity improves in the U.S. and Europe, we may see larger banks experiment with XRP beyond sandbox pilots.
📈 Looking to invest? Don’t miss our updated analysis on XRP’s 2025 price predictions.
✍️ Final Thoughts
So, is XRP being used by banks?
Yes – but not the way many imagined. Rather than JPMorgan or HSBC jumping in headfirst, regional remittance companies and fintechs are leading the charge.
Still, with Ripple’s aggressive global expansion, strategic acquisitions, and growing ODL volume, XRP’s role in the financial system is far from over.
🧭 Stay tuned — and if you’re exploring more crypto use cases, check out our guide to blockchains banks are experimenting with in 2025.
📌 TL;DR – Banks Using XRP in 2025
| Institution | XRP Usage | Region | Notes |
|---|---|---|---|
| SBI Remit | ✅ | Japan | Large-scale remittances with XRP |
| Tranglo | ✅ | Southeast Asia | Active XRP corridors |
| Pyypl | ✅ | Middle East | MENA ODL integration |
| Novatti | ✅ | Australia | Cross-border payments to SE Asia |
| Sendi | ✅ | Brazil | Early-stage B2B remittance corridors |
| Santander | ❌ | Spain | RippleNet user, no XRP usage |
| PNC, BoA, SCB | ❌ | US/UK | RippleNet partnerships, XRP unconfirmed |
