FX.co ★ Five companies using Ripple cryptocurrency

Currently, experts note the increased popularity of the Ripple cryptocurrency and XRP tokens based on it. This digital currency is confidently leading the crypto-active market. The market capitalization of Ripple reached $150 billion. The world's largest financial institutions use this cryptocurrency. Experts pay attention to five of them.

American Express and Banco Santander Northfoto

The first two, American Express and Spain's Banco Santander, go hand-in-hand because they're working together to test Ripple's blockchain on real-world cross-border payments. Experts believe that this partnership gives Ripple's blockchain a chance to show what it can do when scaled.

MoneyGram International

Just last month, Ripple and money transfer service MoneyGram International announced that they'd be testing Ripple's technology. It is expected that this will expedite transfer settlements and lower transaction costs. Remember that Ripple's ability to process up to 1,500 transactions per second trounced its larger cryptocurrency peers. And transaction fees are of just a fraction of a penny.

Deloitte Rob Bayer

Deloitte is a global accounting giant. It was among the first companies to give Ripple's blockchain technology a chance. Two years ago, Deloitte revealed a project that planned to integrate Ripple's blockchain and the Temenos Core Banking Software, which more than 1,000 financial institutions use around the world.

SBI Holdings

Experts belive that no single brand-name company is more leveraged to Ripple's success than SBI Holdings, the financial-services division of SBI Group. It is the largest online securities company in Japan, with over 4 million brokerage accounts. It is expected that this move will provide the perfect opportunity for Ripple's XRP to be showcased to individual digital asset buyers in Japan and institutional clients. SBI Holdings announced earlier that it'd be testing Ripple's blockchain technology as a means to expedite money transfers between South Korean and Japanese banks.