Ripple partners with Swiss bank Amina on stablecoin payments
Ripple Payments has entered into a partnership with Swiss bank Amina to integrate its fiat-to-stablecoin payment infrastructure, extending the company’s presence in Europe.
In a Friday announcement, Ripple Payments said the integration will allow Amina to settle transactions without relying on traditional payment rails, aiming to deliver faster, lower-cost transfers with greater reliability and transparency.
The agreement builds on the companies’ prior collaboration, following Amina’s integration of the Ripple USD (RLUSD) stablecoin in July.
Amina is regulated by the Swiss Financial Market Supervisory Authority (FINMA), and its Austrian subsidiary was granted a license under the European Union’s Markets in Crypto-Assets Regulation (MiCA) by Austria’s Financial Market Authority in October.
Amina chief product officer Myles Harrison said native web3 businesses often encounter obstacles with legacy banking systems and noted that stablecoins can address these challenges, particularly for cross-border stablecoin transactions that have not yet been widely adopted by traditional banks.
Banks require crypto capabilities to serve crypto firms
Harrison added that clients need payment infrastructure capable of handling both fiat and stablecoin rails simultaneously, which traditional networks do not offer. He said Ripple Payments enabled Amina to provide these services, reducing cross-border friction and helping crypto-native clients maintain their competitive position.
Source: Ripple
Cassie Craddock, Ripple’s managing director for the United Kingdom and Europe, said the collaboration allows Amina to serve as an on-ramp connecting digital asset innovators with traditional financial infrastructure. Craddock added that Ripple Payments bridges fiat and blockchain to support seamless stablecoin payments.
Ripple brings traditional finance on-chain
This partnership adds to Ripple’s recent efforts to integrate blockchain capabilities into traditional financial institutions. Reports in mid-November indicated the company is allocating about $4 billion to combine prime trading, treasury tools, payments and custody to compete with established financial firms.
Ripple’s plans are global. Earlier this month, Ripple Labs received approval from Singapore’s central bank to expand its payment activities, enabling regulated token services, end-to-end payments and growth across Asia-Pacific.
At the end of November, RLUSD was also cleared for institutional use in Abu Dhabi after being recognized as an Accepted Fiat-Referenced Token by the local regulator.
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