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Royal Bank of Canada starts blockchain trial with Ripple

Friday 26 February 2016 10:15 CET | News

Royal Bank of Canada (RBC) has started working on a new proof of concept (PoC) for distributed ledger-based remittances using technology offered by industry startup Ripple.

RBC and Ripple are now working on a limited production PoC with the goal of evaluating how the distributed ledger trial could impact other areas of the banks business if more widely implemented.

Notably, the release comes amid a broader push by Ripple to promote awareness about its partnerships with financial incumbents, following on the heels of a report that aimed to promote the cost savings enterprise users could achieve with its technology.


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Keywords: Bitcoin, mining, cryptocurrency, digital currency, online payments, online security, online transactions, Royal Bank of Canada, blockchain, Ripple
Categories: DeFi & Crypto & Web3
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DeFi & Crypto & Web3






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