One of the largest US banks PNC uses Ripple technology for international payments


On September 19, Ripple announced that PNC, one of the top ten US banks, will use RippleNet to process international payments for its customers.

A specific PNC unit, called Treasury Management, will use the Ripple xCurrent blockchain solution to speed up foreign transactions conducted by US commercial customers.

Ripple emphasizes that xCurrent will allow PNC Business customers to receive payments on their accounts instantly, changing the approach to managing both accounts and working capital.

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