The head of transaction services at the major Swedish bank SEB, Paula da Silva, made it clear that the institution could use XRP and xRapid in the future. The information was published by da Silva during an interview in which he talked about Ripple's technology.
"Last year there was only one customer, now we have ALL SEB customers who make inter-company transfers between Sweden and the United States on #Ripple platform. So we have a couple of billions going through it. "- Responsible for the transaction services of Paula de Silva, SEB @XRPTrump @BankXRP pic.twitter.com/Cz5FabMo2y
– Marijn (@Mmmarinos) November 7, 2018
The main intention is to use Ripple's products and services for settlement between Sweden and the United States. Ripple provides services to banks and other financial institutions around the world. You can reduce transaction costs and time in cross-border payments.
This is very important for Ripple, a company that is expanding all over the world and working with over 100 different companies and institutions. According to da Silva, the platform would be used for real-time transfers between Stockholm and New York. This would help customers process transfers in real time between their accounts in Sweden and the United States.
The bank is working and exploring new technologies and Ripple can help make products more relevant to customers. Da Silva explains that all their customers who were using the platform were very satisfied with the results.
During an interview with the banker, he commented:
"Last year, there was only one customer, so we now have all SEB customers who make inter-company transfers between Sweden and the United States on the Ripple platform, so we have a couple of billions passing through it. We are trying to understand how it will go and what we need to make it happen even better. "
At the same time, he explained that the bank will work to use "the next step". Da Silva could refer to the xRapid product, one of the latest Ripple products that would allow users to easily make transactions using the XRP virtual currency.
The XRP is one of the largest virtual currencies on the market. According to CoinMarketCap, XRP has a market capitalization of $ 21.42 billion and each XRP token can be purchased for $ 0.532 dollars.
We are really proud to work with Paula and her team at SEB. Super results from a great customer and partner of Ripple. #internetofvalue https://t.co/dofzGFJZ1V
– Marcus Treacher (@marcus_treacher) November 7, 2018