New Document: XRP Is In “Test Mode” for Over 100 Banks
Main Idea
A document reveals that Ripple's XRP is in 'test mode' with over 100 banks, including Santander, as part of blockchain-based payment solutions, signaling growing integration of Ripple's technology in global banking.
Key Points
1. Ripple is collaborating with over 100 banks, using XRP in 'test mode' for blockchain-based solutions, particularly in cross-border payments.
2. Santander has implemented Ripple's blockchain technology in its One Pay FX system, a fully functional payment solution.
3. XRP, launched in 2012, supports Ripple's vision of transforming global payments and is central to its banking partnerships.
4. The scale of XRP's test mode operations across global banks indicates its potential role in modern banking infrastructure.
5. Ripple operates as a centralized fintech company, with its technology gaining prominence in the banking sector.
Description
Crypto researcher SMQKE has shared a document that outlines Ripple’s ongoing collaborations with over 100 banks, emphasizing the use of XRP in “test mode” across a broad range of major financial institutions. According to the document posted in the tweet, Ripple has been working with institutions such as Santander, Bank of America, Axis Bank, and Standard Chartered. These banks are reportedly engaged in a trial phase for Ripple’s blockchain-based solutions, with XRP playing a central role in cro...
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