- Cross River Bank adopted Ripple to provide real-time international payments for business and personal customers.
- The integration aims to deliver faster, lower-cost cross-border transfers while maintaining regulatory compliance.
- Ripple continues expanding banking adoption with infrastructure designed for instant global payment settlement.
Cross River Bank has moved to bring real-time international payments to its customers by integrating Ripple’s settlement protocol. The FDIC-insured U.S. bank said the technology will support instant transfers between the United States and Western Europe while maintaining compliance with banking and payment regulations. The initiative places Cross River Bank among the first U.S.-based banks to deploy Ripple for cross-border transactions.
Cross River Expands International Payment Services
The integration will allow both business and personal banking customers to send funds internationally in real time. According to Cross River Bank, the system aims to improve transaction speed while reducing transfer costs.
The bank said Ripple provides settlement infrastructure designed for secure and compliant payments. As a result, customers will gain access to cross-border transfers without relying on traditional processing timelines.
The move also adds Cross River Bank to a growing group of financial institutions using the Ripple protocol. Notably, the bank will join Fidor Bank and other organizations already connected to the network.
Bank Focuses On Faster Transfers
Gilles Gade, president and CEO of Cross River Bank, said customers increasingly expect banking services to operate with internet-like speed. He added that businesses also require the security standards associated with traditional financial institutions.
According to Gade, Ripple will help the bank deliver instant international transfers while complying with payment rules and regulatory requirements. He also described the protocol as a faster and more affordable payment rail for customers.
The integration reflects Cross River’s broader focus on technology-driven banking services. The bank combines traditional compliance standards with financial technology solutions for its customers.
Ripple Targets Broader Banking Adoption
Ripple was developed as an internet protocol for moving funds between financial institutions in real time. Banks, money transmitters, and clearing houses can use the technology to settle transactions across different currencies.
According to Ripple, the protocol supports straight-through processing and provides access to liquidity without reserve funding requirements. The company said the network was designed to move value as easily as information travels online.
Chris Larsen, Ripple Labs CEO and co-founder, said financial services continue to grow fast. He added that partnerships with institutions such as Cross River Bank and Fidor Bank help extend Ripple’s reach across the U.S. banking sector while supporting businesses and consumers.
