XRP Gets First Official Bank Endorsement

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