Thread: Seven More Banks Join, Ripple
#5
Euro Exim Bank, the first bank to use Ripple's xRapid cross-border payment solution, also uses Ripple's blockchain technology to test the new trade finance system. ... It seems that the bulky Swift system that the United States uses to pressure other countries is a thing of the past. Representatives of Euro Exim Bank said that Ripple payment networks will soon be able to replace Swift.
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