It is great to see that blockchain technology is about to start a revolution in banking. The revolution will not be overnight, however as traction of the RippleNet continues, especially with the announcement of the inclusion of more than 100 banks and financial institutions to their network, this may scale in a very short time period.

The use of XRP as a liquidity pool is already enabling banks to reduce costs for sending cross-border payments as highlighted in the attached article.

everis are proud to be partners of Ripple and to be contributing to the Java implementation of the Interledger (ILP) protocol. This is the protocol that allows both blockchain to blockchain and non- DLT ledgers interoperability - This protocol will enable all types of ledgers to seamlessly transact with one another, removing friction from financial transactions.