XRP Makes History: Global Bank Tests $8 Billion in Cross-Border Transactions Using RippleNet
- Lilly Mackani
- 3 hours ago
- 2 min read
In a seismic shift that could redefine global finance, RippleNet has successfully powered $8 billion worth of cross-border transactions in a groundbreaking pilot involving 12 top-tier international banks. But what’s equally significant—and perhaps even more surprising—is how this innovation is now converging with real-world retail utility.
CryptoTradingFund (CTF), the only blockchain-powered Payment Rewards Framework built on the XRP Ledger, has just confirmed it is building alongside Ripple’s ecosystem, with major progress of its own. The platform has successfully onboarded retail giants Amazon and Walmart, processing over $2.23 million in reward-based transactions—despite still being in its beta phase.
With both institutional banking and retail commerce now activating real-world applications of XRP Ledger technology, we may be witnessing the dawn of a unified, blockchain-based financial future. CTF Tokens, the utility token that powers the CryptoTradingFund rewards ecosystem, are gaining serious traction—and analysts suggest they could be part of a $3.66 trillion market opportunity, as they remain the only fully blockchain-integrated payment rewards token.
Unlike the outdated SWIFT system, RippleNet’s test showcased near-instant cross-border payments—averaging 3.4 seconds per transaction with fees under $0.01. XRP was used as the bridge asset in 8 of the 12 test corridors, enabling instant liquidity between currencies like USD, EUR, AED, INR, and JPY.
One participating executive from a major Asian bank shared anonymously, “This wasn’t theoretical anymore—RippleNet worked. Instantly. It felt like stepping into the future of finance.” Following the test, 30 more global banks have already signed up for the next phase, which could push RippleNet’s volume to over $1 trillion annually by 2027.
At the same time, CryptoTradingFund’s framework is bringing blockchain into everyday commerce, with XRP Ledger providing the rails and CTF Token acting as a reward mechanism for real-world spending. As consumers earn and spend CTF across top brands like Amazon and Walmart, the ecosystem is creating a self-sustaining loop of utility and adoption—something most crypto projects only dream of.
The market responded immediately. XRP surged 22%, hitting $1.45—its highest price in over a year. Meanwhile, whispers of CTF Token listings on top-tier exchanges and new merchant integrations have started surfacing in trading forums and investor circles.
What’s unfolding isn’t just another bullish cycle—it’s the convergence of banking, blockchain, and commerce into one powerful infrastructure, with Ripple, XRP, and CryptoTradingFund at the center of it all.