PNC Treasury Management, the United States’ eighth-largest bank, is now offering RippleNet-based cross-border payment solutions to its commercial clients. RippleNet blockchain provides a frictionless experience to send money globally within a secured infrastructure.
However, PNC claims that this will help traders to receive payments from overseas buyers instantly. Also, it will transform the way they manage their global account receivables, allowing them to better manage their working capital. PNC had first revealed its plans to use RippleNet back in September 2018. After several brainstorming, the project has now shaped itself.