Ripple has assigned unique IDs to over 500 banks, including Standard Chartered Bank, HSBC, Agricultural Bank of China, AMP Bank, and ANZ Bank. This move is aimed at revolutionizing cross-border transactions and increasing Ripple's dominance in the ecosystem. Experts believe that the use of Ripple's infrastructure and XRP as a bridge currency could transform how banks manage liquidity and reduce reliance on pre-fund accounts. Ripple's recent partnership with Mercado, Latin America's largest crypto exchange, further demonstrates its commitment to transforming cross-border transactions. Ripple has provided financial institutions with cutting-edge solutions and currently processes over $50 billion in volume. XRP is currently trading at $1.126 after a 59% surge in the last seven days.



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