What banks are using XRP in 2026?
Last updated:
While Ripple partners with 300+ financial institutions for RippleNet services, direct XRP usage through On-Demand Liquidity (ODL) is more selective. Here's the current landscape:
Banks Confirmed Using ODL/XRP:
Asia-Pacific: - SBI Remit (Japan) - Major XRP ODL user for Japan-Philippines corridor - Siam Commercial Bank (Thailand) - RippleNet and exploring ODL - InstaReM (Singapore) - Payment provider using ODL
Latin America: - Banco Rendimento (Brazil) - ODL implementation - Bitso (Mexico) - Major XRP liquidity provider for ODL corridors - Various Mexican financial institutions via partnerships
Middle East: - Currency Cloud (acquired by Visa) - ODL usage - UAE-based financial institutions (pilot programs)
Important Distinction:
RippleNet vs ODL: - RippleNet (300+ institutions): Uses Ripple's messaging/settlement technology, NOT necessarily XRP - ODL (50-100 institutions): Actually uses XRP for liquidity
Why Not More Banks?
1. Regulatory Uncertainty: Many banks waited for SEC lawsuit resolution 2. Infrastructure Requirements: Banks need XRP trading infrastructure 3. Risk Management: Conservative banking approach to crypto 4. Corridor Availability: ODL only works where corridors exist
Growth Trajectory Post-SEC Clarity:
With the July 2023 SEC ruling and ongoing regulatory clarity: - More US banks exploring XRP - European banks under MiCA framework considering adoption - Asian banks (especially Japan, Singapore) leading adoption
Payment Providers Using XRP:
While not traditional banks, these process millions in XRP ODL volume: - MoneyGram (historically) - Tranglo (Southeast Asia) - Coins.ph (Philippines) - Various regional remittance companies
The Reality:
Most "bank partnerships" with Ripple use RippleNet technology (messaging layer) without XRP. True XRP/ODL adoption is primarily through: 1. Payment service providers 2. Money transfer operators 3. Forward-thinking regional banks 4. Crypto-native financial services
Future Outlook:
As regulatory clarity improves and CBDC integration advances, expect significant increase in direct bank usage of XRP for settlement.
*Last updated: February 2026*