Euro Exim Bank in London has announced it has embraced XRP and Ripple’s xRapid software which aims to help with liquidity and visibility problems in sending payments around the world; the bank has clients in over 80 countries and shares the details of how much friction is currently involved in the process with the need for correspondent banks; XRP acts as a bridge across borders and will allow banks to hold less money in offshore accounts, lowering currency risk; despite the good news for Ripple there are still some legal questions that are still unknown which American Banker explores. Source
