Blockchain startup Ripple signs up PNC as a customer for its payment tech [Reuters (UK)]
PNC Financial Services Group, Inc. (The) (PNC)
Last pnc financial services group, inc. (the) earnings: 4/15 06:41 am
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Source: Reuters
Blockchain startup Ripple signs up PNC as a customer for its payment tech | Reuters 3 Min Read NEW YORK (Reuters) - A division of PNC Financial Services Group Inc ( PNC.N ) will use technology built by startup Ripple to process international payments, the companies said on Wednesday, a possible precursor to the use of blockchain in mainstream finance. PNC Treasury Management will use xCurrent, a system developed by Ripple, to speed up the way its U.S. business clients get paid invoices by overseas buyers, Ripple said. Over the past few years banks have been ramping up their investments in distributed ledgers, an umbrella under which so-called blockchains fall, in the hopes that it can help them streamline some of the most cumbersome processes. Despite the fanfare, few blockchain systems have been deployed so-far. Distributed ledgers are databases maintained by a network of computers rather than a centralized authority. Several banks have tested or deployed xCurrent, which uses “bi-d
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PNC
News
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PNC
Earnings
- 4/16/24 - Beat
PNC
Sec Filings
- 4/23/24 - Form 4
- 4/23/24 - Form 144
- 4/16/24 - Form 8-K
- PNC's page on the SEC website