• Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    Bitcoin Surges Past $100K Amid Market Instability

    Bitcoin Surpasses $100K Amid U.S. State Crypto Laws

    Bitcoin Open Interest Surges $2 Billion Amid Rising Volatility

    Hackers Breach Nearly 60,000 Bitcoin Addresses Linked to LockBit

    Federal Reserve’s Tight Policy Affects Bitcoin Growth

    Arizona Governor Enacts Law for State Crypto Reserve

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    Dogecoin Surges as Whales Move $148 Million

    Meme Coins Rally Amid Anticipation of Trump’s Announcement

    USD1 Stablecoin, Backed by Trump, Climbs to Major Market Position

    Solana’s DEX Volume Surpasses $500 Billion, Eyes $180 Target

    Dogecoin Eyes $0.20 as Binance Traders Turn Bullish

    Trump-Backed USD1 Becomes Seventh-Largest Stablecoin

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

American Banking Giant PNC Joins Ripple’s Blockchain Payment Network

Solomon M. by Solomon M.
September 20, 2018
in Altcoin News, Latest News, Ripple

According to an announcement from Ripple, PNC Bank, the 9th largest bank in the U.S. with a market capitalization of close to $70 billion, has joined their enterprise blockchain network, RippleNet.

The American banking giant has over 8 million customers spread across the United States and has retail branches in 19 states. The financial institution is predominantly known for their corporate and institution banking.

PNC customers will now be able to benefit from real-time cross-border payments, according to Ripple’s senior vice president, Asheesh Birla.

He added that the bank has already successfully concluded a pilot phase and proof of concept for the payment rail and will immediately start using xCurrent, a Ripple’s existing enterprising software solution for banks and other financial institutions.

XCurrent essentially makes the process of checking information required to make transactions much quicker and doesn’t require any cryptocurrency to work. In the meantime, the financial institution will only be accepting inbound transactions.

PNC joins some of the world’s top financial institutions on the Ripple network, including American Express, Santander, Japan Bank Consortium, SBI to name a few. Ripple has also expanded its reach to six continents and over 40 countries.

The Pittsburg-based bank caters to a large market and offers corporate, consumer and retail banking options. Now that they have adopted xCurrent, PNC business clients from the United States will be in a position to obtain payments from an Australian buyer instantly, for instance.

“Providing instance payments instead of waiting two or three days, that sounds like a short time, but that’s two to three days without access to capital. Having that is real game-changer,” Birla said.

Birla also thinks that using xCurrent in banking is the first step towards adoption of other Ripple products, like the xRapid solution set to be unveiled soon, maybe even next month. “It is a way for the banks to get their toe into the water,” he told news reports.

Some companies like MoneyGram and Western Union, have started testing xRapid, but none have committed to it fully.

Tags: PNC bankRippleRippleNet
Previous Post

Ethereum-Based Brave Browser Now Considered a Viable Alternative to Chrome

Next Post

Ripple Conducted a Successful XRP Pilot Program with 12 Major Banks across the Globe

Solomon M.

Solomon M.

Related Posts

Stablecoin Legislation Stalls: GENIUS Act Fails Senate Vote

by Solomon M.
May 8, 2025

The GENIUS Act aimed at stablecoin regulation, fails Senate vote, prolonging U.S. crypto regulatory uncertainties.

US Senate Stalls GENIUS Act: Crypto’s Regulatory Challenges

by Solomon M.
May 8, 2025

US Senate fails to advance GENIUS Act, impacting US crypto regulation and market dynamics.

SEC Considers Tokenization Exemption for DLT-Based Securities

by Solomon M.
May 8, 2025

US SEC explores potential exemption for tokenized securities using DLT, aiming to balance innovation with investor protection.

SEC Evaluates Tokenization Exemption for Distributed Ledger Technology

by Solomon M.
May 8, 2025

SEC considers exemption for companies using distributed ledger technology for tokenized securities, indicating a major shift in regulatory approach.

Dogecoin Surges as Whales Move $148 Million

by Solomon M.
May 8, 2025

Dogecoin's price climbs 13% amid significant whale activity, accumulating $148 million in DOGE.

Kuwait Investigates 31 Illegal Crypto Mining Operations

by Solomon M.
May 8, 2025

Kuwait investigates illegal crypto mining, involving 116 suspects, addressing power grid strain.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.