RippleNet now the backbone of PNC’s cross-border payments

PNC, a US-based banking behemoth, has tied up with the popular blockchain payment network, RippleNet for its US operations. In a significant development for its cross-border payments branch, the bank has decided to integrate RippleNet network with its PNC Treasury Management division. It will help the bank deliver reliable and seamless cross-border payments to its various local and international clients. Last year in September, Reuters said that the bank is looking to employ xCurrent, a financial technology built by Ripple for processing global payments. PNC and Ripple collaboration will transform cross-border payments PNC, the eighth largest U.S. bank, joining forces