United States’ banking behemoth PNC joins RippleNet


  • PNC is based in Pittsburgh, Pennsylvania but operates in at least 19 states in the US.
  • RippleNet will enable instant international transfers for PNC.

One of the largest banking giants in the United States PNC has announced that it has joined Ripple’s banking network RippleNet. RippleNet is a blockchain payment network that connects banking institutions.

PNC is based in Pittsburgh, Pennsylvania but operates in at least 19 states in the country. The banked is ranked the 8th largest in the US and boasts of 2,459 branches and a network of 9,051 ATMs.

RippleNet is set to benefit immensely from the bank’s 8 million customers base. According to PNC’s spokesperson, PNC Treasury management has gone live on RippleNet. The spokesperson said:

“[Using RippleNet will give us] the ability to receive a payment from an overseas buyer against their invoices instantly, transforming the way they manage their global account receivables and allowing them to better manage their working capital.”

Read moreRipple market update: XRP/USD reversal rides on improving technical levels

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bitcoin Price Prediction: BTC/USD faces resistance at $8,780

BTC/USD continued to go up following a bullish Tuesday, wherein the asset went up from $8,624 to $8,724. Presently, it is priced at $8,630. The daily confluence detector shows that there is a strong resistance level at $8,780.

More Bitcoin News

Litecoin Price Analysis: LTC/USD rises from a key pennant pattern

Litecoin appears to have stalled marginally under the $60 key resistance zone. The daily cryptocurrencies rates show that LTC is facing growing bearish pressure. The price is dancing at $57.5 after ...

More Litecoin News

DASH/USD gigantic leaps subside, bulls deal with $110 critical resistance

Dash massive 75% gain last week saw the crypto break pass key resistance zones including $100 and $110. The bullish momentum pushed forcefully towards the next hurdle at $120. However, the bearish pressure at $115 did not allow further ...

More Dash news

Ethereum Price Analysis: ETH/USD consolidates below $170

ETH/USD bears have taken control in the early hours of Wednesday, following a bullish Tuesday where the price went up from $166.75 to $169.45. Currently, the asset is priced around $169 and is hovering above the SMA 50 and SMA 20 curves.

More Ethereum News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: Bulls piggy-back on altcoins rally

This week was marked by a strong altcoins rally on the cryptocurrency markets. Bitcoin SV (BSV) and Dash experienced the sharpest price increase over 100% in recent seven days...

Read the weekly forecast

BTC

ETH

XRP