January 20, 2020

Ripple: The Worldwide Expansion Continues

Ripple: 38 World Banks to Continue Cooperation After Successful Tests

Leading financial conglomerates in America, France, and the UK have tested or invested in blockchain startup technology.

At least 38 of the world’s 100 largest banks have tested, integrated, or invested in Ripple cross-border payment technology, according to XRPArcade. The largest of them is the Japanese holding Mitsubishi UFJ Financial Group, whose assets total more than $ 2.5 trillion.

Blockchain startup partners are also:

  • UK’s largest financial conglomerate HSBC Holdings PLC affiliated with Ripple through SABB Bank
  • Bank of America collaborating through Merryl Lynch Investment Bank
  • French financial conglomerate Crédit Agricole as a customer.

The XRPArcade report emphasizes that, in reality, there may be more Ripple partner banks. The reason for this is the connection of companies with the blockchain startup through third-party organizations.

Previously, a technical director of Ripple, David Schwartz, explained and stated that Ripple has nothing in common with the XRP price drop. 

A series of accusations raised on Twitter, as many believe that the company may manipulate the crypto market. For example, Adam Back has criticized Ripple’s CEO of specific price manipulations.  

Disclaimer

This article is intended as a news item to inform our readers of various events and developments that affect, or that might in the future affect, the value of the cryptocurrency described above. The information contained herein is not intended to provide, and it does not provide, sufficient information to form the basis for an investment decision, and you should not rely on this information for that purpose.

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