One of the ten largest U.S. banks by assets PNC began to use the payment solution for cross-border transfers under the name xCurrent from the company Ripple. About CoinDesk Vice-President of Ripple Ashish Birla.

PNC successfully completed the pilot phase of testing the system, and even provided with it services to multiple clients. At this stage the Bank will take over xCurrent only incoming transactions.

Ashish Birla believes that the move to PNC will benefit other members of the affiliate network RippleNet.

He added that xCurrent allows you to make instant transfers, unlike traditional systems, providing a temporary lock to capital at the time of the transaction.

According to Ashish Birla, xCurrent is a smooth transition to another company’s decision – xRapid. Vice President, Ripple confirmed that the full product launch will take place next month.

The company Ripple announced that it has opened a new payment corridors in 40 countries, particularly in East and South-East Asia, Africa, Europe and South America.

ForkLog previously reported that the British company TransferGo made available to residents of India payments in real time based on the technology of Ripple.

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