Swiss AMINA Bank becomes the first European bank to launch Ripple payments

According to CCN, AMINA, a crypto bank regulated by Switzerland's FINMA, has become the first European bank to officially launch Ripple's payment cross-border settlement solution. This integration connects blockchain settlement with traditional banking systems, allowing customers to efficiently conduct cross-border transfers within a regulated framework.

Myles Harrison, Chief Product Officer of AMINA, stated that traditional correspondent banking networks cannot support both fiat and stablecoin rails simultaneously, while Ripple's technology significantly enhances banking capabilities, reduces cross-border friction, and helps crypto-native clients maintain a competitive edge.