UTC-05:00,Tuesday , March 26th 2019

Swedish Bank SEB Confirms All Its Customers Doing Inter-Company Transfers Between Sweden and the US on Ripple Platform

08:40 Thursday , November 08th 2018
Paula da Silva, Head of Transaction Services at the Swedish bank SEB, talked in an interview with Joy Macknight from The Banker about their collaboration with Ripple Foundation. According to Paula Da Silva, last year there was only one customer on the platform using Ripple's xRapid and XRP. Now the bank has all their customers doing inter-company transfers between Sweden and the US on the Ripple platform.

SEB is one of the most well-known names in the Nordic region when it comes to financing. Furthermore, da Silva also stated the current usage of the infrastructure in use. "So we have a couple of billion going through that. We are now trying to understand how that goes and what we will need to make it happen even better. Also in the future, exploring what could be the next step…"