Ripple expands European footprint with AMINA stablecoin payment partnership

Ripple Payments has partnered with the Swiss crypto bank Amina to integrate its fiat-to-stablecoin payment infrastructure into the FINMA-regulated institution. This collaboration allows Amina to settle transactions more efficiently, resulting in faster, lower-cost payments with increased reliability and transparency, moving away from reliance on traditional payment infrastructure. This move strengthens Ripple's European footprint, especially as Amina's Austrian subsidiary holds a license under the EU's MiCA regulation. Amina's Chief Product Officer noted that native Web3 businesses often face friction with legacy banking systems, particularly for cross-border stablecoin transactions, which Ripple's infrastructure can resolve by handling both fiat and stablecoin rails simultaneously. Ripple's Managing Director for the UK and Europe stated the partnership positions Amina as an on-ramp for digital asset innovators into traditional finance. This is part of Ripple's broader strategy to inject blockchain capabilities into traditional finance institutions globally, following recent approvals in Singapore and regulatory recognition for its RLUSD stablecoin in Abu Dhabi.

(Source：Cointelegraph)