CryptoCurrency : RippleNet To Be Used For Bank Payments

CryptoCurrency : RippleNet To Be Used For Bank Payments

An interesting news I met up today:
RippleNet will be used to process international payments for its customers by PNC bank, which is ranked among the top ten U.S. banks.

As the article says, a particular PNC unit — Treasury Management — will use Ripple’s blockchain solution xCurrent to speed up overseas transactions held by U.S. commercial clients.

Using xCurrent in banking is the first step towards adoption of other Ripple products, such as the xRapid, senior vice president for product management of Ripple reports.

Is this a new step in applying the blockchain technology Where this is going to lead?

source: cointelegraph

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