Switzerland's AMINA Bank Becomes First in Europe to Launch Ripple Payments
Ripple and AMINA Bank have announced near real-time cross-border payments via Ripple Payments, making AMINA Bank the first European bank to deploy the service.
AMINA Bank, regulated by FINMA in Switzerland, will utilize Ripple’s licensed end-to-end payments infrastructure to settle both fiat and blockchain transfers.
This integration aims to accelerate settlements, lower costs, and reduce friction for crypto-native clients operating across both blockchain and traditional banking rails.
The initiative builds on AMINA Bank’s earlier support for Ripple USD (RLUSD) through custody and trading services.
AMINA Bank Chief Product Officer Myles Harrison noted that the integration reduces friction with legacy networks specifically for cross-border stablecoin transactions.
Ripple's Managing Director for the UK and Europe, Cassie Craddock, stated that the partnership expands access to RLUSD, other stablecoins, and enables rapid payouts in multiple currencies.
This collaboration positions AMINA Bank as a bridge between blockchain innovators and conventional banking infrastructure.
Currently, Ripple Payments processes over $95 billion in volume and covers jurisdictions representing more than 90% of global foreign exchange markets.
Ripple Payments are available in Australia, Brazil, Dubai, Mexico, Singapore, Switzerland, and the United States.
