Cryptocurrencies are no longer a passing fad – blockchain is changing the standards of the financial systems. Bitcoin, Ether and Ripple have initially stimulated the development of numerous start-ups, but today they experience the increasing interest on the part of traditional financial institutions.
The use of blockchain considerably reduced the time of entire loan process – from negotiations to signing the loan – from a few days to just a few hours.
Santander will soon be launching a mobile app in Q1 2018 for instant payments powered with Ripple’s xCurrent technology.
Thus R3 project has just grown up to 42 members – the world’s largest and most influential banks.