Spanish banking giant Banco Bilbao Vizcaya Argentaria (BBVA) announced the successful testing of the technology Ripple. The company claims that the successfully tested XRP to facilitate cross-border transactions between different countries in Europe and Latin America — regions that are major markets for the Bank.
Also, representatives of BBVA mentioned that remittances went smoothly, and every transaction was completed in a matter of seconds. This news was well received by many South American countries, because many of them still restricted to using the same financial infrastructure that from the beginning of 70-ies, because of this, Bank transfers still take up to 3-4 days, leaving many dissatisfied with the current system.
– We believe that this is a very promising market, and we want to be in a leading position. These assessments can lead to that the BBVA will be taken to the financial services market in the United States. – said in an interview with the General Director of Onur Genc.
This is not the first major collaboration Ripple with the big banks. C beginning of the year on the partnership, said Western Union, Woori Bank and Bank of Liechtenstein Bank Frick.
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