Bank of Scotland, Halifax and Lloyds customers face a faster payment anomaly, which makes them unable to transfer funds on the move. There seems to be an opportunity for Ripple's xRapid here.
Lloyds Bank, in a statement on Twitter, said that "some" of its customers are not able to get faster payments, stating later that it is working to solve the problems and that customers will see improvements soon.
Along the same lines, Halifax and Bank of Scotland, owned by Lloyds Banking Group, have the same problems.
While Lloyds seems to be the only bank tormented by these problems, Lloyds indicated that he had a scheduled maintenance between 1 and 6 am on Friday, which hit mobile and internet banking.
On Twitter, some customers have complained that they are unable to withdraw money from ATMs.
@AskLloydsBank Are you aware that your contact numbers will not work too? it calls a lot of different numbers and when it sounds it goes straight to being cut … this besides not being able to make the transfer online, any advice?
– Chase Hattan Watches (@ ChaseHattan1) January 18, 2019
@AskHalifaxBank I tried to withdraw cash from 3 different ATMs on 2 different accounts, but the ATM still said "impossible to process the transaction, contact your card provider". This is very irritating because I need money before 12
– potato 🥔 (@Amy_Brownxxx) January 18, 2019
Ripple's XRapid is the solution for faster payment glitches
To achieve immediate transfer of payments, Ripple xRapid's fantastic cross-border remittance tool has been referred to as unrivaled innovation.
Several banks have praised RippleNets' extraordinary ability, with central banks confirming that the transfer network performs better than SWIFT.
While some see this as an exaggerated capacity, a few days ago, Mercury-fx Ltd announced that it has achieved its fastest and most economical payment transfer using xRapid without paying an exorbitant price. According to several companies that use RippleNet, the remittance network blockchain is second to none.
Now, due to the exceptional performance of xRapid, around 27 financial institutions are using the cross-border remittance service, which largely depends on the XRP to obtain a seamless transfer.
Ripple to work with reliable Half World banks over the next 5 years
Ripple CEO Brad Garlinghouse plans to work with half of the world's major banks over the next five years. The journey to achieve the goal was launched last year when the blockchain platform has doubled its efforts and has signed many partnership agreements than expected.
Several financial institutions, central banks and major global banks now use the Ripple network for seamless transfer. Banks with immediate payment difficulties do not need to look elsewhere, but they embrace Ripple's services and throw an archaic remittance style.