Bank BBVA successfully tested the technology Ripple

A large Spanish bank, BBVA, issued a statement that their recent tests using Ripple technology were successful.

Ripple recently very often falls in the headlines of many crypto-currency editions, as many banks begin cooperation with this project.

BBVA claims that it successfully conducted operations to facilitate cross-border transactions between various countries in Europe and Latin America, where the bank has good economic ground.

Test results

From the standpoint of the tests themselves, representatives of the BBVA mentioned that the money transfers were smooth, each transaction was completed in a matter of seconds. This news was positively received by many South American countries, as many of them still use the same financial structure that was relevant at the beginning of the 70-ies of the last century.

The BBVA CEO in an interview with one of the publications reported his vision of the company and how BBVA plans to gradually expand its activities in the US crypto market. He added:

"We believe that something really big is happening in this sector, and we want to be at the forefront. A successful sequence of moves could lead to the fact that the BBVA will become publicly available in the financial services sector of the United States. "

Since many large banks are aware of the magnitude of the revolution in the financial sector, it will only be a matter of time for other large banks to participate in these innovations.

Earlier we reported that Ripple will be used in the banking system of South Korea in 2019 year.

Author: Andrey, analyst Freedman Club Crypto News

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