$Ripple has positioned itself as a competitor to SWIFT, the system most financial institutions use for international money transfers. It offers a global payments network called RippleNet to facilitate cross-border transactions.

Hundreds of financial companies across more than 40 countries have signed up to use Ripple. Here are a few examples:

American Express

Bank of America

Banco Santander

TransferGo

Xendpay

It still has a long way to go to catch its biggest competitor, though. To put things in perspective, SWIFT has over 11,000 partners compared to Ripple with over 300. But SWIFT has also been around since the 1970s. Ripple launched in 2012, so its results so far are encouraging.

let's just say XRP is the hidden treasure 🪙