Published on June 25th, 2016 | by bitcoin0
Credit Unions Unveils Shocking Development in Money Transfers
Ripple announced the expansion of its global network with the addition of seven more banks: UBS, Santander , UniCredit, ATB Financial, Reisebank, CIBC, and the National Bank of Abu Dhabi.
The move is a major blockchain breakthrough in the financial industry, according to banks.
After launching in late 2015, Ripple teamed up with financial institutions around the globe to change and improve international payments.
The integration of the technology by the globe’s top banks is no doubt a blockchain breakthrough in cross-border payments processing, allowing financial companies to transfer funds in just a few seconds.
“Using blockchain technology, ATB Financial became the first financial institution in Canada to complete an overseas payment in a matter of seconds.