Ripple’s Banking Partner Joins Elon Musk’s X Money Initiative
- Cross River Bank, an early partner of Ripple, is now part of the X Money beta rollout.
- The bank was one of the first in the US to integrate Ripple’s payment protocol in 2014 for cross-border transfers.
- Cross River Bank issues Visa Debit and Flex Cards and is integral to X Money’s regulated banking services.
- Ripple Prime has tripled its revenue over the past year, processing over $3 trillion annually.
- Ripple continues to expand its infrastructure despite XRP trading below its all-time high.
Cross River Bank’s involvement with X Money highlights a strategic overlap between Ripple’s early settlement technology and Elon Musk’s ambition for a global financial super app.
With Cross River Bank powering parts of X Money, Ripple’s historical banking partnerships are gaining new relevance in expanding digital payments infrastructure.(Source)
