Euro Exim Bank is the first bank to officially adopt Ripple’s XRP-powered xRapid and they have recently announced that they have successfully integrated the technology. The bank’s head of compliance and operations, Graham Bright has said that it’s developers are working closely to make sure everything is running smoothly in a new interview with Trade Finance Global.
Speaking on the matter, Bright said:
“We had already created a cloud-based blockchain enabled trade finance application, so it was a quick decision to join other global Ripple participants for the first project, namely using the xCurrent service where institutions are able to instantly settle cross-border payments with end-to-end tracking and visibility.” Bright continues, saying, “Euro Exim Bank are now working closely with technical resources at Ripple, and have successfully implemented the xRapid system for customers requiring low value remittances in currencies and jurisdictions typically subject to large…
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