Ripple and Brazilian Itau Unibanco sign partnership

February 21, 2018 | Author: | Posted in Ripple(XRP)

Ripple and Brazilian Itau Unibanco have signed a partnership deal, Ripple confirms.

The World’s 10th biggest bank by market value, the Itau Unibanco has signed a partnership deal with Ripple Company to use it’s RippleNet protocol and XRP crypto currency for cross-border payment transfers in order to reduce payment costs and delivery time.

The Ripple Company continuously expands it’s list of partners including central banks, government instiutions and international money transfer firms.

The Itau Unibanco is the biggest Latin America bank and and world’s 10th biggest bank by market capitalization with assets worth more than $452 billion.

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