XRP (Ripple) is used by various financial institutions and banks around the world, mainly as part of the RippleNet network. RippleNet is a platform for making international payments that enables fast and cheap transactions. Some of the banks and financial institutions that have collaborated with Ripple or used its technology include:

1. Santander

Uses Ripple’s application called OnePay FX to make international transfers.

2. Bank of America

One of Ripple’s key partners that has been testing RippleNet technology.

3. PNC Bank

Uses RippleNet for faster and more efficient international business payments.

4. Standard Chartered

Invests in Ripple and uses its solutions to make cross-border payments more efficient.

5. SBI Holdings (Japan)

A strong Ripple partner in Asia that promotes the use of XRP in the region.

6. American Express

Partnered with Ripple to integrate RippleNet technology into payment solutions for corporate clients.

7. MUFG (Mitsubishi UFJ Financial Group)

One of the largest banks in Japan, tested RippleNet solutions.