RATE Group | Peru’s Interbank to utilize Ripple’s On-Demand Liquidity for cross-border payments
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Peru’s Interbank to utilize Ripple’s On-Demand Liquidity for cross-border payments

12 Nov Peru’s Interbank to utilize Ripple’s On-Demand Liquidity for cross-border payments

Posted at 03:30h in Cryptocurrency News by

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  • Previously, the bank used Ripple’s payment messaging system xCurrent.
  • Ripple states that 24 of its 300+ clients have signed up to use On-Demand Liquidity.

Banco Internacional del Peru, also known as Interbank, recently announced that it will be utilizing Ripple’s XRP-powered payment product called On-Demand Liquidity (ODL). Previously, the bank used Ripple’s payment messaging system xCurrent. At the Ripple’s Swell conference in Singapore, Interbank’s blockchain specialist Joisie Mantilla said:

In Peru, we started thinking about cryptocurrencies when they first started appearing in the US. The bank has done a great job trying to attract talent that is really focused on innovation. And we have an innovation lab inside the bank.

So we work as a team that is allowed to fail and try different things, and we started working with xCurrent in that way. And now, after a year of working with xCurrent, we have decided to move forward this year and use the…

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