Ripple has collaborated with DXC Technology to scale XRP payment among international banking networks. The integration links Ripple’s payment system, which leverages XRP and RLUSD, with the Hogan core banking platform from DXC.
Hogan maintains in excess of $5 trillion in deposits and more than 300 million bank accounts worldwide. As such, this move helps to integrate the firm’s payment system into a large part of the banking system.
According to the press release, the partnership allows banks to make payments on the blockchain using digital assets such as XRP without replacing existing systems. DXC noted that the initiative will integrate Ripple’s digital asset custody and payments technology into a large-scale banking environment.
This partnership comes just days after Ripple invested $150 million in LMAX Group to boost institutional adoption of its RLUSD stablecoin.
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