The bank also leveraged their experience in trade finance solutions for global corporates and fintechs, to offer new payment channels and ways to source liquidity. Working collaboratively with Ripple and selected counterparts, Euro Exim Bank has designed, tested and is implementing both xCurrent and xRapid.
Euro Exim Bank has joined Ripple, connecting banks, payment providers and digital asset exchanges via RippleNet to provide clients frictionless experience to send money globally. Euro Exim officials say the bank will start to use xCurrent to instantly settle cross-border payments with end-to-end tracking and utilise xRapid to minimise liquidity costs and reduce cash flow restrictions.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.