Home / Ripple / The Ripple partner reveals the "a couple of billions" platform moves, suggestions for using XRapid XRP-powered in the future

The Ripple partner reveals the "a couple of billions" platform moves, suggestions for using XRapid XRP-powered in the future

Paula da Silva, head of transaction services at SEB, a prominent Swedish bank, recently appeared in an interview to talk about the platforms that have continued to use the Ripple technology for settlement between Sweden and the United States. He also said that all bank customers are using transfer technology.

This news comes after their collaboration with Ripple, which took place at the end of last year in November. At that time, the platform was to be used for real-time transfers between the company's headquarters in Stockholm and New York. At the time of the launch, da Silva said:

"Using Ripple's distributed financial technology, our customers can initiate real-time transfers between their SEB accounts in Sweden and the bank branch in New York.This is a way to explore the potential of new technologies and an example of how we, working with innovative technology companies, can be even more relevant for our customers ".

The bank's customers seemed to be satisfied with the results, since da Silva claimed that all their customers were engaged in transactions using the platform. In an interview with the banker, he said:

"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. "

He also said that the bank would explore "the next step" of the partnership in the future, which could be a possibility that they use xRapid, a technology that provides a substantial gain over their current use of xCurrent. He went on to say:

"It's really exciting and our IT staff are all this, I think it's a good idea, so I'm happy that business and IT are collaborating on something new."

Marcus Treacher, Ripple's global strategic manager, said:

"We are very proud to be working with Paula and her team at SEB Super results from a great Ripple customer and partner."


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Anirudh VK


Anirudh VK is a full-time journalist at AMBCrypto. He has a passion for writing and an interest in the future of blockchain and cryptocurrency technology. At the moment it does not have any cryptocurrency.


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