Ripple plans partnership with ‘many banks’ in Germany, company’s banking head confirms 20880
Pinaz Kazi
Aug 13, 2018 at 12:22 PM

Ripple is planning to partner with major banks all over the world. It is to be noted that more than 100 banks all over the world have already adopted company’s xRapid and xCurrent features. The demand for these rose up due to its features of fast transaction and low fees. In a recent interview cited by CryptoGlobalist, Marjan Delatinne, the Head of Banking in Ripple said that the company was in discussion with many German banks while they were in Berlin.

“We actually are in talks with many of [German] banks too,” Delatinne said when he was asked about lack of partnership presence in Germany, noting that it has overall partnerships in different parts of the world including Japan, US and other parts of Europe.

See also: Five million people can use Ripple’s XRP to pay bills, as new payment platform adds crypto

Till now, the only bank in Germany that is known to be in partnership with Ripple is Riesebank. By asset size, it is the third largest bank in Germany with over 100 branches in the country and is the central institution for over 1,000 co-operative banks and 12,000 of their branch offices.

Lawsuit against Ripple denied

The news of Ripple's partnership came during the time when a lawsuit filed against Ripple has been ruled over by the court. On August 10, the US District Court of the Northern District of California issued an ‘Order Denying Motion to Remand’ towards the case of Ryan Coffey filed against the company and its CEO Brad Garlinghouse. The case was filed by Ryan Coffey in the San Francisco Superior Court on May 3, this year.

See also: Ripple Labs, Inc. and XRP tokens under securities investigation, US-based law firm announces

Ripple’s XRP the best transaction cryptocurrency: Weiss Ratings

According to a poll carried out by Weiss Ratings on Twitter, Ripple’s XRP is the fastest digital asset transacted across exchanges. The other cryptos in the poll included, Bitcoin and Ethereum. Confirming transaction slows down the process in case of major cryptos like Bitcoin and Ethereum. On the other hand, Ripple’s XRP takes just a few seconds to move money from one exchange to the other since there’s no need of confirming transactions.

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