Banesco Panama succeeds in making its first international money transfer
Banesco Panama is proud to announce the complete success of our pilot international money transfer test , made with Peru through the Ripple network’s Blockchain , a shared database that acts as a logbook for all types of transactions, including sales and acquisitions. The world of technology advances on the daily, and nowadays we can talk to people all over the world in a matter of seconds. This fast growth also applies to the banking world , which allows for transactions to be made from and to anywhere on the planet. This network is currently used by a large number of banking groups all over the world, including: Santander, Kuwait’s National Bank , CIMB Group – Asia’s fifth largest bank – two Australian banks and the Saudi Arabia Bank . The Ripple network is an Open Source virtual payment system that uses Blockchain technology in order to make real-time payments. Nowadays, it is considered the currency of all banks, since it is used by large financial entities all ove...