Stablecoins have a goal of putting an end to the recent volatility of the crypto market — and in doing so, they have opened the door to crypto usage for institutional investors, which has long been considered an important milestone on the road to mainstream adoption. One of the ways that institutional investors are looking to implement crypto solutions is in cross-border payments and remittances.
The RippleNet blockchain is one such product, which aims to reinvent how these payments are made. Recently, Cointelegraph reported that PNC, the United States’ eighth-largest bank, has become the first in the country to start using the cross-border payments solution xCurrent. Earlier, Cointelegraph reported that Spanish banking giant Santander (MC:SAN) was also looking to make use of the solution from Ripple.