XRP will be utilized by one of biggest bank in Peru for Cross Border Payment!

[cryptoaddictchie]

One of the biggest Bank in Peru which is known as Interbank, will upgrade their usage of ripple blockchain payment messaging system Xcurrent to xrp new product On-Demand Liquidity.

Quoted by Jossie Mantilla,


“In Peru, we started thinking about cryptocurrencies when they first started appearing in the US. The bank has done a great job trying to attract talent that is really focused on innovation. And we have an innovation lab inside the bank

So we work as a team that is allowed to fail and try different things, and we started working with xCurrent in that way. And now, after a year of working with xCurrent, we have decided to move forward this year and use the cryptocurrency to do our transactions.”



The said upgrade is said to be a necessity for growing innovations on Latin America for cross border payment and I believe XRP technology could really helps many banks to ease this. I know many dont like XRP but this kind of improvement with the use their blockchain means something. Im also an XRP investor and I believe that XRP can be also an alternative payment gateway for fiat and crypto. Some banks starting to look on them already with their tech, bank system will not be abolished but evolved in a greater and much faster transaction system.

This news can be heard by a lot of countries and banks out there and could also be influenced the Xrp rapid development. What do you think? XRP could be somehow one of the best crypto 5 to 10 years from now?

I'm also an investor of XRP holding some, and getting a lot of good news is a knick for me.

[CjMapope]

Id say yes, XRP could be a top crypto in the future, it has serious use case and really good market adoption already
Ive always felt the countries where the US dollar is super strong, like in this case Peru, would be the places crypto as a currency would really shine
i wonder if they will just move their bank to a blockchain? allowing for faster and more transparent and secure records, or if they will adopt XRP?
Id imagine they would just move their bank over to a blockchain, thats what most banks are doing (while still demonizing BTC, grrr)

[knuckey]

There are many ripple partners from banking, this is good news and I hope this can trigger other banks to partner with ripple to use xcurrent or other crypto products as a cross-border payment solution. If all banks have switched to blockchain technology, the mass adoption of crypto will be realized soon.

[cryptoaddictchie]

Id say yes, XRP could be a top crypto in the future, it has serious use case and really good market adoption already
Ive always felt the countries where the US dollar is super strong, like in this case Peru, would be the places crypto as a currency would really shine
i wonder if they will just move their bank to a blockchain? allowing for faster and more transparent and secure records, or if they will adopt XRP?
Id imagine they would just move their bank over to a blockchain, thats what most banks are doing (while still demonizing BTC, grrr)

They are utilizing the use of XRP blockchain already using Xcurrent tech and will upgrade to the a new xrp product ODL service which is most suitable for their need. I'm not sure if moving directly to blockchain is good but they only used blockchain for easier transaction payment.

Many banks has been partnered with them already and so far its working good for xrp as well and other party. Maybe in the future, but the conflict rises I guess in the issue of blockchain which SEC still in the process of scrutinizing many projects. But for a crypto investor XRP movement is a great move in spite of many fud about manipulation.