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11 of the world’s greatest banks are RippleNet members

11 of the world’s greatest banks are RippleNet members

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We have actually stated it prior to and we’ll state it once again: The future is here. Blockchain is not simply a buzzword, however a leading service for sending out international payments.

In reality, the momentum shows up: RippleNet presently counts 11 of the world’s top 100 banks by total assets as clients, all whom are at numerous phases of releasing our service for smooth payments commercially– and this number is growing rapidly every month.

We now have more than 100 clients on the network, and more than 80 are banks that cover every corner of the world.

These first-mover banks and banks who have actually accepted blockchain to fix genuine issues– like ineffective, sluggish, and expensive payments– will much better serve their clients and grow.

11 of the world’s greatest banks are RippleNet members

Blockchain is changing the world and we’re utilizing the innovation to transform payments and produce an Internet of Value.

MUFG— the world’s 5th biggest bank by properties at $2.6 trillion– was among the very first clients to sign up with RippleNet. Credit Agricole– the world’s 11 th (and Europe’s 3rd) biggest bank with $1.82 trillion in properties– is set to process genuine remittance payments for its workers in between France and Switzerland, too. 4 other RippleNet members likewise rank in the top 20 banks worldwide, consisting of Bank of America, Credit Agricole, Mizuho Financial Group and Santander.

Marcus Treacher, Ripple’s international head of tactical accounts, stated: “Blockchain innovation is being embraced by the mainstream, consisting of the greatest banks on the planet. They see worth in our service not just since it can increase their bottom line, however since it allows them to provide their clients a boosted payments service, eventually assisting them to get market share and free-up capital for other financial investments and company activities.”

Of the staying top 100 banks by properties worldwide, another 6 are likewise RippleNet members, consisting of UBS, RBC, UniCredit S.p.A., Standard Chartered, Westpac, BMO.

The future is currently here and appears in the momentum of our network. Clients– consisting of banks and payment suppliers– are utilizing xCurrent at record speed, processing over half a billion U.S. dollars’ worth of genuine volumes, with some planning to source liquidity with XRP.

This is the time to join us.

Find Out More about RippleNet and our suite of products, consisting of xCurrent, xVia and xRapid.

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Written by Ravi Gupat

Ravi grew up in India and graduated in Economics. He is a serial entrepreneur who has founded and exited several companies in tech and media over the past 15 years. He is also an early stage investor and advisor in various blockchain-based companies.


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