Who is xrp partnered with

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Last updated: April 17, 2026

Quick Answer: Ripple, the company behind XRP, has partnered with over 100 financial institutions globally, including Santander, Standard Chartered, and SBI Remit, to facilitate cross-border payments using blockchain technology as of 2023.

Key Facts

Ripple partnered with Santander in 2018 to launch One Pay FX, a cross-border payment service.
Standard Chartered Bank joined RippleNet in 2016 to improve international transaction speed.
SBI Remit and Ripple launched a money transfer corridor between Japan and Southeast Asia in 2019.
Ripple has over 100 clients across 40+ countries as of 2023.
MoneyGram began integrating XRP for settlements in 2021 before ending the partnership in 2023.

Overview

Ripple, the fintech company behind the XRP Ledger and XRP cryptocurrency, has built a global network of financial partnerships to streamline cross-border payments. These collaborations leverage blockchain technology to reduce transaction times, lower costs, and increase transparency in international money transfers.

The RippleNet ecosystem connects banks, payment providers, and digital asset exchanges to enable real-time settlement. Unlike traditional SWIFT-based systems that can take days, Ripple's network processes transactions in under four seconds, making it attractive to institutions seeking efficiency.

Over 100 financial institutions across 40+ countries have joined RippleNet as of 2023, including banks and payment providers in Asia, Europe, and North America.
Santander launched One Pay FX in 2018 using RippleNet, enabling customers in Spain, Brazil, and the UK to track cross-border transfers in real time.
Standard Chartered Bank became a RippleNet member in 2016, using the network to improve transaction speed and reduce settlement times for clients in emerging markets.
SBI Remit, a Japanese financial services firm, partnered with Ripple in 2019 to launch instant remittance corridors between Japan and countries like the Philippines and Vietnam.
MoneyGram began using XRP for on-demand liquidity in 2021, processing over $100 million in transactions before ending the collaboration in 2023.

How It Works

RippleNet operates through a combination of blockchain infrastructure, digital assets like XRP, and proprietary payment protocols to enable fast, low-cost international transfers.

On-Demand Liquidity (ODL): Uses XRP as a bridge currency to eliminate pre-funded accounts; transactions settle in under 4 seconds with reduced capital costs.
RippleNet Payments: A global network connecting financial institutions; supports real-time gross settlement in multiple currencies without intermediaries.
XRPL Consensus Protocol: Validates transactions every 3-5 seconds using a unique consensus algorithm, avoiding energy-intensive mining like Bitcoin.
Interledger Protocol (ILP): Enables payments across different ledgers; developed by Ripple to connect disparate financial systems without requiring blockchain use.
Flare Network Integration: Launched in 2023 to support smart contracts on XRPL, expanding use cases to DeFi and NFTs.
Central Bank Digital Currency (CBDC) Pilots: Ripple has worked with the Bank of Thailand and Bhutan on digital currency trials using its blockchain infrastructure.

Comparison at a Glance

Below is a comparison of RippleNet partners and their use cases as of 2023:

Partner	Region	Service Used	Year Joined	Key Benefit
Santander	Europe, Latin America	One Pay FX via RippleNet	2018	Real-time tracking of international payments
Standard Chartered	Global (EMEA, Asia)	RippleNet Payments	2016	Faster settlement in emerging markets
SBI Remit	Japan, Southeast Asia	ODL with XRP	2019	Low-cost remittances to Vietnam, Philippines
MoneyGram	North America, Global	ODL (2021–2023)	2021	Instant liquidity without pre-funding
Bank of Thailand	Thailand	CBDC Pilot Platform	2020	Testing cross-border digital currency transfers

This table highlights how diverse institutions leverage Ripple's technology for different purposes — from retail banking to central bank innovation. The integration of XRP in ODL reduces the need for nostro accounts, cutting capital lock-up by up to 90% according to Ripple's internal data.

Why It Matters

The partnerships Ripple has forged are reshaping how money moves globally, particularly in underserved markets where traditional banking infrastructure is slow or costly. These collaborations demonstrate the practical application of blockchain beyond speculation, focusing on real-world financial inclusion and efficiency.

Reduces remittance costs: ODL with XRP cuts average transfer fees by 40–60% compared to traditional corridors, benefiting migrant workers.
Enables real-time settlement: Transactions clear in seconds rather than days, improving cash flow for businesses and individuals.
Supports financial inclusion: Institutions in emerging markets like Indonesia and Nigeria use RippleNet to access global payment systems.
Drives CBDC innovation: Ripple's work with central banks helps develop secure, scalable digital currency frameworks.
Improves transparency: Customers receive end-to-end tracking, a feature now standard in Santander's One Pay FX service.
Encourages regulatory clarity: High-profile partnerships help shape crypto and digital asset regulations in jurisdictions like Japan and Singapore.

As global finance evolves, Ripple's network of partners continues to expand the boundaries of what's possible with blockchain-based payments, proving that strategic alliances are key to mainstream adoption.