PNC Achieves Cross-Border Payment With RippleNet

PNC Achieves Cross-Border Payment With RippleNet

The PNC Financial Services Group Inc, based in Pennsylvania has completed its first cross-border payments via Ripple’s blockchain solution, RippleNet. It has become the first U.S bank to have performed lighting-fast cross-border payments for clients, also in a secure and cost-efficient manner. Albeit Ripple is facing criticism that it has become a centralized distributed ledger and altcoin, more and more financial institutions across the globe are adopting it.

Leave a Reply

Your email address will not be published. Required fields are marked *