Ripple signed up another 10 banks, including BBVA, penetrating the traditional banking sector in a way other digital currencies have yet to do.
Ripple Labs continues to grow its client list with small and more substantial banks, engaging clients in the payment service provider market.
In its press release, Ripple lists the banks: MUFG, BBVA, SEB, Akbank, Axis Bank, YES BANK, SBI Remit, Cambridge Global Payments, Star One Credit Union and eZforex.com.
An interesting trend shown in the current list of clients is the addition of new payment service providers (PSPs). It shows that Blockchain related payments are efficiently entering the remittance market.
The press release describes the list of newcomers as “...some of the world’s largest banks, innovative payment service providers… More and more customers are turning to Ripple for cross-border payments.”