Just read US Banking Giant PNC Becomes Latest to Adopt Ripple's xCurrent

US Banking Giant PNC Becomes Latest to Adopt Ripple's xCurrent

American banking giant PNC has joined the growing number of financial institutions using payments products from blockchain startup Ripple. The bank's Treasury Management division will begin accepting cross-border transactions using the firm's xCurrent product, Ripple's senior vice president, Asheesh Birla, told CoinDesk Wednesday. For now, Treasury Management will only be accepting inbound transactions using the product. While the bank will start by using xCurrent, Birla hopes to ultimately help them begin working with Ripple's xRapid platform as well, he said. The executive also addressed reports suggesting Ripple's xRapid product would be launched in the next month or so.

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Wednesday, September 19, 2018