Which Banks Use Ripple? Full List of Ripple/RippleNet Partners (2026)

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How Many Banks Use Ripple?

As of 2026, Ripple has partnerships with over 300 financial institutions across more than 40 countries. These range from global banks like Santander and Standard Chartered to regional payment providers and money transfer operators like MoneyGram (historical) and SBI Remit.

It’s important to distinguish between types of Ripple partnerships — not all partners use XRP. Some use only RippleNet’s messaging layer (similar to SWIFT); others use ODL (On-Demand Liquidity), which requires XRP as a bridge currency.

Types of Ripple Partnerships

1. RippleNet Messaging Partners

These institutions use Ripple’s payment messaging infrastructure (ILP — Interledger Protocol) to send payment instructions internationally. They benefit from faster settlement confirmation and better transaction tracking compared to SWIFT, but do not use XRP as a bridge asset.

2. On-Demand Liquidity (ODL) Partners

ODL partners use XRP as a real-time bridge currency to move value across borders without pre-funding nostro accounts. The flow is: source currency → XRP → destination currency, completed in seconds. These partnerships directly drive XRP volume and utility.

3. CBDC Partners

Ripple has won multiple central bank contracts to develop and pilot CBDC infrastructure using the XRP Ledger’s private ledger technology.

Notable Banks and Institutions Using Ripple

Global Banks (RippleNet)

Santander — One of Ripple’s earliest and most prominent partners. Santander’s “One Pay FX” international payment app was built on RippleNet
Standard Chartered — Partnership for cross-border payment corridors in Asia and Africa
American Express — Uses RippleNet for B2B international payments (FX International Payments service)
Westpac (Australia) — RippleNet integration for cross-border payments
National Australia Bank (NAB) — RippleNet partner
Siam Commercial Bank (Thailand) — Early ODL partner for USD-THB corridor

Japanese Financial Institutions (SBI Group)

Japan is one of Ripple’s most important markets. SBI Holdings — one of Japan’s largest financial groups — is a strategic investor in Ripple and has driven wide adoption:

SBI Remit — Uses ODL for Japan-Philippines corridor (one of the world’s busiest remittance routes)
SBI Shinsei Bank — RippleNet messaging integration
Over 60 Japanese banks participate in a consortium called “MoneyTap,” built on RippleNet

Middle East & Africa

Al Rajhi Bank (Saudi Arabia) — World’s largest Islamic bank; RippleNet partner for remittances
Kuwait Finance House — Uses RippleNet for cross-border Islamic finance payments
Lulu Exchange (UAE) — ODL partner for GCC remittance corridors
Beyon Money (Bahrain) — ODL integration

Latin America

Itaú Unibanco (Brazil) — RippleNet messaging
Banco Rendimento (Brazil) — ODL partner for USD-BRL corridor
Bitso (Mexico) — ODL market maker for USD-MXN, the world’s first major ODL corridor

Money Transfer Operators

MoneyGram — Historical major ODL partner (2018–2021); relationship ended after SEC lawsuit complications
Azimo (Europe) — RippleNet-powered remittance service (acquired by Papaya Global)
TransferGo — RippleNet integration for European corridors
Nium — Global payment infrastructure using RippleNet

CBDC Partners (2026)

Ripple has won significant CBDC contracts, directly leveraging XRP Ledger technology:

Republic of Palau — USD-backed digital currency pilot on XRPL
Bhutan — CBDC pilot with Royal Monetary Authority
Montenegro — Digital euro pilot
Georgia — National Bank of Georgia CBDC exploration
Colombia — Digital peso pilot
Hong Kong — HKMA Project Ensemble (wholesale CBDC)

How to Verify RippleNet Partners

Ripple publishes a partner directory on its website, though the full list is not always current. Many partnerships are announced via press releases. The most reliable sources are:

Ripple’s official newsroom (ripple.com/newsroom)
Partner press releases on financial institution websites
XRPL transaction data showing ODL flows (visible on XRPL explorers)

Does Using RippleNet Mean Using XRP?

No — this is a common misconception. Many RippleNet messaging partners do not use XRP. Only ODL (On-Demand Liquidity) partners actively transact with XRP. However, Ripple’s long-term strategy is to migrate messaging partners to ODL as liquidity deepens, which would increase XRP utility and demand.

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Conclusion

Ripple has built one of the most extensive banking partner networks in the crypto industry. With 300+ financial institution relationships, active ODL corridors across major remittance routes, and a growing CBDC portfolio, Ripple’s institutional reach in 2026 is unmatched among blockchain companies. The key nuance is that RippleNet messaging partnerships don’t all involve XRP — but ODL growth directly ties XRP utility to Ripple’s expanding network.

This article is for informational purposes only and does not constitute financial advice.

Schwartz’s engineering leadership drives Ripple’s bank partnerships — read his full profile.