PNC has gone beyond the normal by creating a tech startup Numo that exists within its ecosystem. Will the new trend be a unique mix of partnerships between finance and technology or just a hybrid?
American banking giant PNC has become the first bank in the country to use Ripple’s blockchain network, RippleNet, for processing cross border payments.
Recently, Brad Garlinghouse, the CEO of Ripple, has commented on Facebook’s new cryptocurrency – Libra, saying that because of it, the crypto industry might become subject to stricter regulations.
Amidst the current increase in the involvement of institutional corporations with cryptocurrency, Ripple reportedly sold out an excess of $250 million in XRP with about 40% of these sales been in favor of the institutional investors.
Ripple along with its partners are changing lives in the South Eastern Asian Nations. Some call it the best testing grounds for blockchain and cryptos, since a lot of people are working abroad and using remittance networks to support their loved ones.
Thailand’s largest commercial bank, the Siam Commercial Bank (SCB), which recently tweeted on possibility of launching an XRP-based system, decided suddenly, to issue a statement, according to which, the bank “has no plan on using XRP.”
SCB Thailand bank was noticed to use Ripple service for transferring money. The bank acknowledged that and asked to wait for further announcements.
Ripple has released the xCurrent 4.0 protocol. With it, Ripple’s more than 200 customers will be able to easily integrate the xRapid payment system that leverages the XRP digital asset, said David Schwartz, the chief technology officer of Ripple.
It is expected that XE.com, a subsidiary of Euronet Worldwide, will soon list XRP. Nevertheless, the exact timeline was not disclosed yet.
Ria Money Transfers, a subsidiary of Euronet Worldwide, has signed an agreement of partnership with RippleNet. What benefits it will bring to both of the companies and how it can influence XRP? Check out below.