Close Menu
    X (Twitter)
    Blockchain Journal
    • News
      • Blockchain News
      • Bitcoin News
      • Ethereum News
      • NFT
      • DeFi News
      • Polkadot News
      • Chainlink News
      • Ripple News
      • Cardano News
      • EOS News
      • Litecoin News
      • Monero News
      • Stellar News
      • Tron News
      • Press Releases
      • Opinion
      • Sponsored
    • Price Analisys
    • Learn Crypto
    • Contact
    • bandera
    Facebook X (Twitter) Instagram
    Blockchain Journal
    Home ยป US giant PNC begins using Ripple Net for cross-border payments

    US giant PNC begins using Ripple Net for cross-border payments

    0
    By BlockchainJournal on August 29, 2019 News, Ripple News
    Share
    Facebook Twitter LinkedIn Pinterest Email

    PNC, one of the largest US banks in the United States with approximately $ 400 billion in assets under management, was the first bank in the country to use Ripple Net for cross-border payments.

    According to Fintech Futures, PNC Treasury Management already provides its customers with cross-border payments through Ripple Net. The banking institution announced its plans to use Ripple Net, in particular the xCurrent product in September last year. At that time, this news provoked an increase in the Ripple rate; at present, however, the event did not affect the altcoin performance in any way.

    This week, Brin Madigan, Head of Institutional Markets at Ripple, drew attention to the fact that Ripple is actively being introduced into the daily life of society. She noted that the cooperation of Ripple with MoneyGram is paying off – the trading volume of XRP / MXN on the Bitso crypto exchange has grown by 25%.

    The partnership of Ripple with MoneyGram became known in June. Under the agreement, the parties agreed that Ripple will purchase from 8% to 10% of MoneyGram shares, that is, it will invest about $ 30 million.

    Featured MoneyGram PNC Ripple xrp
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    BlockchainJournal

    Related Posts

    SharpLink Gaming Revolutionizes the Market by Tokenizing Its Equity on the Ethereum Network

    September 25, 20253 Mins Read

    Plasma’s XPL Token Bursts onto the Market with a Capitalization Exceeding $2.4B

    September 25, 20253 Mins Read

    XRP Price Analysis: Why is the Digital Asset Facing Strong Bearish Pressure in September?

    September 24, 20252 Mins Read

    Japan Doubles Its Crypto Market Thanks to Tax and Regulatory Reforms, New Report Finds

    September 24, 20252 Mins Read

    Technical Analysis Suggests a Trend Shift in XRP Price as the Cryptocurrency Prepares for $4

    September 24, 20252 Mins Read

    Gate Launchpad listed Plasma (XPL) with dual interest in GUSD

    September 23, 20252 Mins Read

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 Blockchain Journal

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.