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Tag Archives: Payments

US Financial Giant PNC to Use Ripple Technology for International Payments

PNC, which is ranked among the top ten U.S. banks, will use RippleNet to process international payments for its customers, Ripple announced Wednesday, September 19. As Reuters reports, a particular PNC unit — Treasury Management — will use Ripple’s blockchain solution xCurrent to speed up overseas transactions held by U.S. commercial clients. Ripple emphasises that xCurrent will allow PNC business ...

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Top 10 US Bank Joins Ripple Blockchain RippleNet for Cross-Border Payments

PNC Bank, the 9th largest bank in the United States by assets, has joined Ripple’s enterprise blockchain network RippleNet in what is a noteworthy addition for the San Francisco-based fintech. With over $380 billion in assets, Pittsburg-based PNC Financial Services Group has become the latest member to join RippleNet, a global payments network of over 100 institutions including banks, payment ...

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Lite.Im Introduces Litecoin SMS Payments in the US

Lite.im is a very powerful service in the cryptocurrency industry, as it facilitates the use of Litecoin SMS payments to US residents. Making cryptocurrencies easier to use will improve overall adoption in the long run. Mobile services will play an increasing role of importance in this regard. The Lite.im Concept To this day, it is nearly impossible to transact in cryptocurrencies ...

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Lite.im Introduces Litecoin SMS Payments Globally

Lite.im is a very powerful service in the cryptocurrency industry, as it facilitates the use of Litecoin SMS payments on a global scale. Making cryptocurrencies easier to use will improve overall adoption in the long run. Mobile services will play an increasing role of importance in this regard. The Lite.im Concept To this day, it is nearly impossible to transact in ...

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LG’s Blockchain Service To Facilitate Cross-Carrier International Payments

LG’s telecom subsidiary, LG Uplus, has signed a memorandum of understanding that will see it offer its users blockchain-based international payments. The service will begin trial early next year and will enable users to make payments in Japan and Taiwan, the first such product by a Korean telecoms operator. The service will eliminate the high costs associated with overseas credit ...

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Major Retail Saudi Bank Joins Ripple Network for International Payments

The National Commercial Bank, Saudi Arabia’s first established bank, has become the latest financial institution to join RippleNet, Ripple’s enterprise blockchain network. A massive market for international remittances due to its sizable migrant worker population, the Kingdom of Saudi Arabia (KSA) has already seen its central bank pilot Ripple’s technology for instant international payments. With over 5 million customers worldwide, ...

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LG’s Mobile Carrier to Offer Blockchain Payments for International Travelers

LG Uplus, the cellular carrier subsidiary of South Korean conglomerate LG Corp., is set to trial a cross-carrier blockchain payments service for overseas travelers. Dubbed the ‘Cross-Carrier Payment System’ (CCPS), the project sees the LG mobile carrier arm collaborate with partners in Japan, Taiwan and the United States to enable global mobile payment services among global telecommunication carriers, LG Uplus ...

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SBI Nears Launch Ripple Blockchain Payments App ‘MoneyTap’ in Japan

Japanese financial services group SBI Holdings will launch its consumer payments application MoneyTap, on both Android and iOS, using Ripple’s blockchain technology. SBI Ripple Asia, a joint venture established by SBI Holdings and San Francisco-based FinTech giant Ripple in early 2016, will soon launch ‘MoneyTap’, CEO Takashi Okita revealed on his own Twitter handle. MoneyTap is the first real noteworthy ...

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XMAX Releases XToken, their First Exclusive Blockchain Payments Wallet

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. Today, ...

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5 Reasons Graft Will Bring Cryptocurrency Payments to Retailers Globally

Bringing cryptocurrency payments to retailers and the masses remains a very difficult task. Graft is looking to solve this problem through its universal payment blockchain. It is capable of providing an alternative payment processing network bringing cryptocurrencies to the point of sale. Below are five key advantages of using such a system, both for retailers and consumers. #5 Payment Wallet ...

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