The post Ripple, ABA, and XRP: Strengthening Payments with Banks appeared on BitcoinEthereumNews.com.

In a recent X post, Max Avery discussed Ripple’s ABA platinum membership, highlighting how it provides access to over 4,000 banks, paving the way for widespread adoption of XRP across the U.S. banking system. Ripple’s marketing highlights sustainability, efficiency, and scalability; these are core priorities for banks navigating the digital transformation era. Ripple, a San Francisco-based technology company, continues to make strides in revolutionizing the financial landscape through its Ripple payment protocol and exchange network. Partnering with major financial institutions such as Santander, J.P. Morgan Chase, and the Canadian Imperial Bank of Commerce, Ripple has expanded its influence globally.  Max, a crypto analyst, highlighted in an X thread that Ripple’s membership in the American Bankers Association (ABA) serves as a clear testament to its deepening integration with traditional finance. What Ripple’s ABA Membership Means The American Bankers Association (ABA) represents a significant portion of the U.S. banking industry, comprising over 4,000 banks of varying sizes, from community banks to large financial institutions. As per the post, these banks employ over 2 million people, safeguard $18 trillion in deposits, and extend nearly $11 trillion in loans. By becoming a platinum member in 2024, Ripple gains direct access to this vast network, positioning itself at the heart of U.S. banking infrastructure.  This development paves the way for Ripple’s technology, including its On-Demand Liquidity (ODL) product, the XRP Ledger, and its native token XRP, to become cornerstones of U.S. financial systems. Max further states that Ripple’s tagline, “a green digital asset for a world without economic borders,” aligns with banks’ need for efficient, sustainable cross-border payment solutions. Ripple’s impact is not limited to the United States. In 2025, an impressive 80% of Japanese banks have already integrated Ripple’s ODL product into their financial systems. By leveraging XRP for instant and cost-effective international payments,…

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Filed under: News - @ January 12, 2025 2:23 pm