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Frankfurt-based financial giant Deutsche Bank is increasingly adopting Ripple, a cross-border settlement giant, in a push that could impact $XRP.
The prominent bank aims to revolutionize global payments using blockchain technology. To achieve this, it has turned to Ripple’s infrastructure, aiming to leverage the firm’s established digital asset payment technology to lead the revolution.
Key Points
- Frankfurt-based financial giant Deutsche Bank is increasingly adopting the payment technology Ripple, a cross-border settlement giant.
- The prominent bank aims to revolutionize global payments using blockchain technology.
- Traditional cross-border payments are facing criticisms for being slow, costly, and heavily dependent on intermediaries.
- Deutsche Bank is signaling a decisive shift away from that model by deepening its use of blockchain infrastructure built within the Ripple payment system.
- Additionally, Deutsche Bank is modernizing processes that historically relied on legacy networks such as SWIFT.
Deutsche Bank Plans to Transform Payments
Local outlet Der Aktionar recently confirmed that Deutsche Bank is tapping Ripple Payments to take the lead in SWIFT’s new blockchain technology initiative.
Notably, traditional cross-border payments are facing criticism for being slow, costly, and heavily dependent on intermediaries. Now, Deutsche Bank is signaling a decisive shift away from that model by deepening its use of blockchain infrastructure built within the Ripple payment system.
The Frankfurt-based banking institution is integrating distributed ledger tools (DLT) across payments, foreign exchange operations, and digital asset custody, aiming to reduce settlement times from days to seconds while improving transparency.
Instead of routing funds through multiple correspondent banks, the new framework allows direct value transfers between institutions. That structural change reduces delays and cuts layers of fees that often accumulate during international settlements. As a result, liquidity can be accessed almost instantly, a feature that is particularly useful for multi-currency accounts and real-time foreign exchange flows.
Deutsche Bank Taps Ripple Payment Infrastructure
By embedding Ripple-powered rails into its operations, Deutsche Bank is modernizing processes that historically relied on legacy networks such as SWIFT. While SWIFT has long served as the backbone of global banking messaging, transfers can still take days to finalize. Blockchain-based settlement offers near-instant confirmation and a tamper-resistant record of each transaction.
The bank is also participating in broader industry efforts to develop a new blockchain-driven ledger within the SWIFT ecosystem. More than 40 major institutions are collaborating on the project, with Deutsche Bank playing a key role in its design.
Estimates suggest that distributed ledger technology could reduce operational expenses in global payments by as much as 30%, a meaningful figure when transaction volumes reach into the trillions.
Beyond payments, Deutsche Bank is moving into digital asset custody, offering institutional-grade storage that mirrors the safeguards used for traditional securities.
What This Could Mean for $XRP
For $XRP, deeper adoption of Ripple infrastructure by a global bank carries broader implications. While banks can use Ripple’s technology without necessarily holding the token, expanded network usage increases visibility and potential demand for on-demand liquidity solutions that rely on $XRP for rapid settlement.
Even though $XRP’s price action remains tied to broader market conditions, greater institutional participation often strengthens its trajectory. As established banks test faster blockchain-based transfers using Ripple and the $XRP Ledger, assets linked to these networks could benefit from their adoption.
In the meantime, $XRP has not reacted to this development, as broader crypto market sentiment remains bearish. It hovers around $1.42, down 4.5% in the past 24 hours.
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