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World's Biggest Banks are Members of RippleNet

World’s Biggest Banks are Members of RippleNet

We’ve said it sooner than and we’ll say it as soon as extra: The future is true right here. Blockchain just isn’t solely a buzzword, nonetheless a quantity one reply for sending worldwide funds.

In reality, the momentum is seen: RippleInternet presently counts 11 of the world’s top 100 banks by total assets as prospects, all of whom are at assorted ranges of deploying our reply for frictionless funds commercially — and this amount is growing rapidly every month.

We now have over 100 prospects on the neighborhood, and larger than 80 are banks that span every nook of the globe.

These first-mover banks and financial institutions who’ve embraced blockchain to unravel for precise points — like inefficient, sluggish, and expensive funds — will greater serve their prospects and flourish.

11 of the world’s largest banks are RippleInternet members

Blockchain is revolutionizing the world and we’re harnessing the experience to revolutionize funds and create an Internet of Value.

MUFJ — the world’s fifth largest monetary establishment by belongings at $2.6 trillion — was one of the first prospects to affix RippleInternet. Credit Agricole — the world’s 11th (and Europe’s third) largest monetary establishment with $1.82 trillion in belongings — is able to course of precise remittance funds for its employees between France and Switzerland, too. Four completely different RippleInternet members moreover rank throughout the prime 20 banks worldwide, along with Bank of America, Credit Agricole, Mizuho Financial Group and Santander.

Marcus Treacher, Ripple’s worldwide head of strategic accounts, said: “Blockchain technology is being adopted by the mainstream, including the biggest financial institutions in the world. They see value in our solution not only because it can increase their bottom line, but because it enables them to offer their customers an enhanced payments service, ultimately helping them to gain market share and free-up capital for other investments and business activities.”

Of the remaining prime 100 banks by belongings worldwide, one different six are moreover RippleInternet members, along with UBS, RBC, UniCredit S.p.A., Standard Chartered, Westpac, BMO.

The future is already proper right here and is obvious throughout the momentum of our neighborhood. Customers — along with banks and payment suppliers — are using xCurrent at report tempo, processing over half a billion U.S. ’ worth of precise volumes, with some searching for to provide liquidity with XRP.

This is the time to affix us.

Learn further about RippleInternet and our suite of products, along with xCurrent, xVia and xRapid.

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