xCurrent Just Partnered with This Banking Giant
PNC Financial Services Group Inc. is joining the cryptocurrency revolution. The bank’s Treasury Management division will soon start accepting cross-border transactions using Ripple’s product, xCurrent, according to CoinDesk.com.
For now, PNC will only be accepting inbound transactions using the product.
And because the platform will help lower fees and make transactions faster, PNC has customers lining up to use xCurrent.
Also read: Crypto Beats VISA in Transaction Capacity
This is a big step for the crypto market, as PNC is one of the largest banks by assets in the United States.
It will help more large institutions realize the benefits of crypto payments.
Here is a recap of the top five cryptocurrencies by market cap as of 10:30 a.m. ET:
|Cryptocurrency||Market Cap||Price||Change (24h)|
|Bitcoin Cash (BCH)||$7,457,763,879||$429.67||-2.61%|