The top two banks in Australia and Canada will use the Ripple payment method
The National Bank of Australia and the Bank of Canada (CIBC) have signed an agreement under which their overseas payments will be settled using Ripple’s Ripplenet solution. The National Bank of Australia said in a statement that traditional financial institutions will use Ripple technology to settle overseas accounts because it is relatively cheaper and faster to facilitate transactions than other systems. It is worth mentioning that since the launch of Ripple Net, more than 300 financial institutions around the world have used this solution.
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