Banking giant BBVA released a statement involving Ripple tests being successful.

BBVA claims successful tests using XRP for cross-border transactions where using the Ripple platform reduced a 3-4 day turnaround for money transfers to a matter of seconds.

“We think something really big is happening in this sector, and we want to be at the forefront. A successful string of moves can possibly catapult BBVA into the public eye within the US financial services sector.” - Onur Genc, BBVA Compass CEO

Ripple price is currently around 65 cents USD, which was over $2 at the beginning of the year.

Ripple's blockchain solution is a private one, meaning only involved banks act as nodes rather than a global base of nodes, which has both advantages and disadvantages.

Advantages being that for banks, they have control over transactions for compliance reasons, but lack security and immutability a global blockchain like bitcoin or Ethereum would provide. 

Regardless, a private blockchain may not be as secure as a global chain, but is still better than current traditional systems and for that reason, this is good news nonetheless. 

About Ripple

Ripple is a blockchain solution for cross-borer payments who received $750,000 in fines imposed by FinCEN in 2015 and powers it blockchain with the cryptocurrency of the same name, Ripple (XRP).

Self-stated, "Ripple provides one frictionless experience to send money globally using the power of blockchain. By joining Ripple’s growing, global network, financial institutions can process their customers’ payments anywhere in the world instantly, reliably and cost-effectively. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets."





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Image Credits: Banner Image by dinbits.com staff
[/item] [item title="Disclaimer"]The opinions expressed by authors of articles linked, referenced, or published on dinbits.com do not necessarily express, nor are endorsed by, the opinions the of dinbits.com or its affiliates. Please review the Terms of Use for more information.[/item] [/accordion]




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  18. Many binary operations are rippers. I invested about $20,000 then i decided to withdraw after several week but the withdrawal wasn’t successful, then I tried to contact the binary operation email and phone number, but got no response from them that was when everything started looking weird. Some weeks later I got a mail from them insisting I should invest more money if I want to withdraw my money which I rejected, and I never hear from them again that was when I knew I had been scammed. I was really devastated at those moment and felt so bad that my hard earn money is gone. After some month I came across a lot of testimonies on many bitcoin site how (cyberghost475@gmail dot com) had helped many people recovered there stolen, scammed or duped money on bitcoin or any other form on digital currency. I contact them and they promised to help me get my money back, asked me some personal details of the scammer which I provided. The result was amazing I recovered all my stolen money back within 72 hours I was so happy as I never believe I could get my money back. Thanks Digital Currency you restore Joy into my life after several pain I’m so indebted!!!
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  19. Have you heard about programmed ATM card? I have my ATM card, already programmed BY Mr Perry Thomas. It is illegal but nice to have one not like other scammers pretending to have the ATM card. The ATM card can be used to withdraw cash at any ATM or swipe, stores and online purchase. Get yours today by sending an email to [email protected] .... THIS IS 100% REAL. I AM A BENEFICIARY OF THESE. HACKERS EMAIL: [email protected]

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