New Document: XRP Is In "Test Mode" for Over 100 Banks

Crypto researcher SMQKE has shared a document that outlines Ripple’s ongoing collaborations with over 100 banks, emphasizing the use of XRP in “test mode” across a broad range of major financial institutions.

The document states that Ripple, a private fintech company based in the United States, was created in 2005 and operates within a centralized management structure. XRP, the digital asset used by Ripple, was launched in 2012 to support the company’s vision of transforming global payments.

It further notes that Ripple’s ecosystem involves co-investment from several large players in the financial and tech sectors, including Google, Goldman Sachs, and Banco Santander.

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One of the core points emphasized is that Ripple “works in test mode with more than 100 banks,” listing Santander and Bank of America among others.

The same document underlines the advantages of the Ripple cryptosystem, including high transaction speed, unlimited scalability, and the ability to conduct transactions between various currencies and assets.

Additionally, it asserts that Ripple’s system is not intended to disrupt existing structures, but to improve payment technologies by facilitating the trade of low-liquid assets and accelerating exchange processes.

Operational Use of Ripple Technology Confirmed at Santander

In a previous Times Tabloid report, SMQKE highlighted Santander’s deployment of a blockchain-based payment system developed in collaboration with Ripple. The article cited by SMQKE states that Santander has implemented a fully functional system known as One Pay FX, which is powered by Ripple’s blockchain infrastructure.

Unlike a pilot program or conceptual design, the One Pay FX solution is described as an operational and integrated product to improve cross-border payments.

The assertion that over 100 financial institutions are testing Ripple’s solutions, including XRP, highlights a significant role for blockchain in traditional finance.

While the use of XRP in live settlement remains largely limited, the scale of test mode operations across global banks underscores Ripple’s foothold in institutional experimentation and system development.

SMQKE’s tweet presents documentation and prior reporting to support the claim that Ripple, through its XRP-powered solutions, is actively engaged with over 100 major global banks, including Santander and Bank of America, in test operations.

The additional evidence from Santander’s implementation of the One Pay FX platform confirms that Ripple’s technology has already been deployed at scale in certain environments.

As such, the combination of test mode integration and proven operational use cases lends weight to the argument that XRP and Ripple are becoming deeply embedded in modern banking infrastructure.

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