You are here:--Euro Exim Bank disregards SWIFT Net and joins Ripple Net

Euro Exim Bank disregards SWIFT Net and joins Ripple Net

Ripple leading waves into the new year

Ripple is showing the Cryptocurrency they are not any company. As Brad Garglinghouse aims to make the internet of value by being exchanged as quickly as information. This statement comes to fruition at their attempt to overthrow the current market leader in global transactions: SWIFT. Ripple is the current innovative change the industry needs. Will the community see Ripple take over, as they push forward into the new year.

Ripple’s Cory Johnson and Brad Garlinhouse have made clear statements that Ripple ’s competition main aim is to overtake SWIFT.

Euro Exim Bank chooses Ripple’s services

Euro Exim Bank is an innovative global financial institution with two main operating offices in London and St. Lucia. Euro Exim Bank is a current associate member of the Caribbean Association of Banks (CAB )Inc. Providing opportunities and knowledge with industry giants that are applied to modernise operations and customer service.  Euro Exim Bank being apart of CAB allows the potential growth of Ripple to expand once full-production starts for Euro Exim Bank.

Euro Exim Bank moves onto xRapids protocol on Ripplenet, produced by Ripple. This move was influenced by having a transaction lost on the net SWIFT network. Bright claims

“It was lost somewhere in the quagmire of a central organization, and we have no visibility on where it is. All the counterparty says is, ‘We have not received your message.’”

Starting use in Q1 2019.

Graham Bright told American Banker it plans to use XRP in order to power payments across 80 countries to highlight the vast difference.

“We’re interested in moving forward and creating a platform for payments for our clients who are in over 80 countries at the moment, making sure they have a smooth, frictionless way of paying local people,”

The potential for Ripple’s expansion for 2019 is endless. It seems that the Tide is coming for the community of XRP. Will we see it reach the shore this year or the next?

By |2019-01-14T19:25:19+11:00January 14th, 2019|Categories: XRP|0 Comments

About the Author:

Leave A Comment