Bank with assets of $358 billion now uses a system of xCurrent. The price of cryptocurrency XRP increased by 10%
A division of PNC financial Corporation the cash management will work with from a Ripple, writes CoinDesk. PNC, which is among the ten largest U.S. banks, will make cross-border operations through a system of xCurrent.
Senior Vice President, Ripple Ashish Birla said that the integration of a large Bank in the system is an important event for small businesses participating in RippleNet. Financial Corporation already has several customers using blockchain technology project from San Francisco.
Representatives of the companies agreed to use xCurrent, but Ripple expects that soon the Bank will start working with the system xRapid. It is more suitable for emerging markets, explained Birla.
On 20 September the average price of XRP has increased to $0,35. The price of a token increased by 13% over the past day.
Ripple previously announced the opening of a new payment corridors in 40 countries. Also, the network appeared information about the fact that the first commercial product of the company may receive in October 2018.
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