Bank of America Blockchain

Ripple Has Now Over 200 Customers Worldwide… But JP Morgan Has No Intentions To Lag Behind

Ripple published its traditional quarterly report, evidencing considerable growth thanks to its successful business policies. According to the Q1 2019 XRP Markets Report, the company revealed to its clients they managed to sell over 169.42 million worth of XRP dollars, which represents 0.32% of the global volume of the token.

In the report, Ripple compared its results with those of the last quarter, showing a substantial increase in both direct sales and programmatic sales:

Ripple showed a considerable growth in Q1 2019

Ripple explained that to date they have established strategic partnerships with more than 200 clients, who are active users of its various technological solutions (xRapid, xCurrent and xVia).

At the start of the quarter, Ripple announced RippleNet surpassed more than 200 customers worldwide, with the addition of 13 new financial institutions that signed up for the company’s payment network. These companies include Euro Exim Bank, SendFriend, JNFX, FTCS, Ahli Bank of Kuwait, Transpaygo, BFC Bahrain, ConnectPay, GMT, WorldCom Finance, Olympia Trust Company, Pontual/USEND and Rendimento.

In the report, Ripple also revealed that so far this year, 19 new exchanges listed XRP, increasing the number of total exchanges with this crypto available for trading to a number close to 120.

Ripple Is Doing Fine, But JP Morgan Is Also Quite Successful

While these numbers show a fairly optimistic outlook and clearly reflect the success of this company, it is important to note that the competition does not want to be overshadowed. Not only SWIFT is focused on the development of a technological solution based on blockhain technologies, JP Morgan also revealed an important list of banks willing to use its Interbank Information Network.

The IIN is a P2P Network developed by JP Morgan with blockchain technology. In an annoucement published on its official website, the bank mentions that the IIN is growing and slowly becoming a robust ecosystem.

The list revealed by JP Morgan includes 198 clients from all over the world. The bank explains that this number will continue to grow, emphasizing that as more institutions join, the efficiency of the network will increase considerably:

“The more banks that join the network, the more dramatic the reduction in payment delays,” said John Hunter, Head of Global Clearing for Treasury Services. “As the network scales, our clients’ payments will be processed faster with less operational expense.”

The list of banks include:

Ahli United Bank B.S.C
Al Rajhi Banking & Investment Corporation
Alawwal Bank
Alfa Bank Joint Stock Company
Allied Bank Limited
Arab Jordan Investment Bank
Bank ABC (Arab Banking Corporation B.S.C.)
Bank Al Habib Limited
Bank Alfalah Limited
Bank Muscat
Bank of Sharjah
Barclays Bank Tanzania Limited
Barclays Bank Zambia PLC
Banque du Caire SAE
Banque Libano-Francaise SAL
Cairo Amman Bank PLC
Commercial Bank of Africa Limited
Commercial International Bank (Egypt) S.A.E
Credit Bank of Moscow
Credit Libanais SAL
DenizBank A.S.
Export Development Bank of Egypt
Fransabank El Djazair SPA
Fransabank SAL
Habib Metropolitan Bank Limited
The Housing Bank of Trade and Finance – Algeria
Joint-Stock Company BCS-Investment Bank
Jordan Islamic Bank
JS Bank Limited
KCB Bank Kenya Limited
Kuveyt Turk Katilim Bankasi A.S.
Kuwait Finance House
MauBank Limited
MCB Bank Limited
Meezan Bank Limited
National Bank of Fujairah P. J.S.C.
National Bank of Kenya Limited
National Bank of Kuwait S.A.K.P.
Nedbank Limited
Odea Bank Anonim Sirketi
Saradar Bank SAL
Soneri Bank Limited
The Housing Bank for Trade and Finance
Turkiye Finans Katilim Bankasi A.S
Turkiye Vakiflar Bankasi T.A.O.
Bank Audi SAL
National Bank of Kuwait – Egypt
QNB Finansbank A.S.
Sohar International Bank
Standard Bank (Mauritius) Limited
Standard Bank of South Africa Limited
Bank of Beirut SAL
Bank Saint Petersburg
Gulf International Bank B.S.C
Australia and New Zealand Banking Group Limited*
Axis Bank Limited
Bank of Dalian Co., Ltd
Bank of Nanjing
BRAC Bank Limited
China CITIC Bank International Limited
China Guangfa Bank
China Zheshang Bank
Chong Hing Bank Limited
Eastern Bank Limited
East West Banking Corporation
Ho Chi Minh City Development Joint Stock Commercial Bank
ICICI Bank Limited
Indovina Bank Ltd
Industrial Bank Co., Ltd
Joint Stock Commercial Bank for Investment and Development of Vietnam
KASIKORNBANK Public Company Limited
KEB Hana Bank
Military Commercial Joint Stock Bank
Mizuho Bank, Ltd.
MUFG Bank, Ltd.
Nanyang Commercial Bank (China), Limited
National Australia Bank Limited
NongHyup Bank
Prime Bank Limited
PT Bank Central Asia Tbk
PT Bank CIMB Niaga Tbk
PT Bank Negara Indonesia (Persero) Tbk
Resona Bank, Ltd.
Rizal Commercial Banking Corporation
Saigon Thuong Tin Commercial Joint Stock Bank
Shanghai Rural Commercial Bank
Shinhan Bank
Sumitomo Mitsui Banking Corporation
Taipei Star Bank
Taishin International Bank Co., Ltd
The 77 Bank, LTD.
The Bank of Nagoya, Ltd.
The Norinchukin Bank
Union Bank Of The Philippines
Vietnam Joint Stock Commercial Bank for Industry and Trade
Westpac Banking Corporation
Woori Bank
Yes Bank Limited
The Bank of Kyoto, Ltd.
Kansai Urban Banking Corporation
The Kinki Osaka Bank, Limited
The Minato Bank, Ltd.
The Musashino Bank, Ltd.
The Tajima Bank, Ltd.
Aozora Bank, Ltd.
Bank of the Ryukyus, Limited
The Aichi Bank, Ltd.
Shinsei Bank, Limited
The Bank of Okinawa, Ltd.
The Gunma Bank, Ltd.
The Higo Bank, Ltd.
The Oita Bank, Ltd.
Union Bank of India
Alior Bank SA
Allied Irish Bank
Banca Monte dei Paschi di Siena S.p.A
Banco de Investimento Global S.A.
Banco de Sabadell
Banco Santander
Bank Hapoalim B.M.
Bank Leumi Le-Israel B.M
Bank Polska Kasa Opieki S.A.
Banque Internationale de Commerce – BRED (Suisse) SA
Banque Thaler SA
Bayerische Landesbank
CBH Compagnie Bancaire Helvétique S.A.
CIM Banque S.A Geneve
Cooperatieve Rabobank U.A.
Credit Agricole S.A.
Danske Bank
Erste Group Bank AG
Gonet & Cie SA
Helaba -Landesbank Hessen -Thuringen
Israel Discount Bank Limited
Nationwide Building Society
Norddeutsche Landesbank Girozentrale
PKO Bank Polski S.A.
Privatbank IHAG Zurich AG
Reyl & Cie SA
Skandinaviska Enskilda Banken
Société Générale
The First International Bank of Israel Ltd
UniCredit (through its subsidiary UniCredit Bank Austria)
Caixa Central de Credito Agricola Mutuo
UBS Switzerland AG
Banca Popolare Di Sondrio S.C.P.A.
Banca Mifel
Banco Actinver, S.A.
Banco Aliado
Banco BICE
Banco BCT SA
Banco Bisa
Banco Bradesco S.A.
Banco CMF S.A.
Banco Davivienda S.A.
Banco Daycoval S.A.
Banco de Bogota
Banco de Crédito del Perú
Banco de Galicia y Buenos Aires
Banco do Brasil New York Branch
Banco Ganadero
Banco General
Banco Industrial
Banco Internacional del Peru
Banco Lafise
Banco Mercantil Santa Cruz
Banco Nacional de Bolivia
Banco Nacional de Costa Rica
Banco Nacional de Panama
Banco Popular Dominicano
Banco Regional
Banco Security
Bank of Bahamas Limited
Bank of Montreal
BCT Bank International
Credicorp Bank
First Tennessee Bank
Global Bank Corporation
Grupo Bursátil Mexicano
Itau Unibanco S.A.
JPMorgan Chase
National Bank of Canada
Republic Bank
Royal Bank of Canada*
The Toronto-Dominion Bank
Banco Inbursa S.A.
Banco Continental