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News: 200 Banks, Financial Institutions Adopt Ripple Cross-Border Upgrade

Every day we share just one recent video about XRP. Today we share “News: 200 Banks, Financial Institutions Adopt Ripple Cross-Border Upgrade” from CoinCheckup.com.

From our selected video: For the most complete data on all crypto currencies check: https://coincheckup.com | The crypto research platform.

Full credits for this video to BitcoinNews.com who listed the info in this video on an article on their website:
https://bitcoinnews.com/?s=.com200%20Banks%2C%20Financial%20Institutions%20Adopt%20Ripple%20Cross-Border%20Upgrade

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Crypto tags:

#RippleNews #CryptoNews

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Transcript:

0:00:00 200 Banks, Financial Institutions Adopt Ripple Cross-Border Upgrade

0:00:05 This update is brought to you by “CoinCheckup News Updates” and was originally published on “BitcoinNews.com”.

0:00:11 The latest version of Ripple’s cross-border payment platform, xCurrent, is now live and operational.

0:00:17 This means that Ripple’s 200 plus clients, all banks and financial institutions, now are able to integrate xRapid, the fast, secure and cheap way to complete cross-border payments using Ripple’s native token, XRP.

0:00:30 “4.0 is live.

0:00:32 We’re working to get all customers upgraded, but it’s a complex process.

0:00:37 In theory, this means that all of Ripple’s customers on the RippleNet network of banks and payment service providers are now able to leverage cryptocurrencies and other digital assets, via the use of xRapid.

0:00:48 This achieves “increased product interoperability” as well as speed and liquidity of cross-border payments.

0:00:54 Ripple is one of the most prominent blockchain firms in operations and has a focused on international payments, as well as its own native cryptocurrency XRP.

0:01:03 Because it is a company that controls and issues its own supply of XRP, it has had legal issues with the US government, with a current securities lawsuit still in federal courts.

0:01:13 The ruling declared that the class action suit against Ripple CEO Brad Garlinghouse, Ripple Labs and its subsidiary XRP II for allegedly selling unregistered securities.

0:01:24 Thanks for checking this video!
If you wanna read the whole article you can go to CoinCheckup.com or go to: “BitcoinNews.com”, who originally published this news update on their website.

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