Yes folks, this is huge News…

BBVA (Banco Bilbao Vizcaya Argentaria) Been using Ripple’s Technique to transfer
Euro from Spain to Mexico within Seconds. (Reds note: Using XRP, XRapid)

BBVA has transferred about 50 Euro-denominated payments to Mexico from Spain in
seconds. These types of transactions normally take up to four days to clear.

On average, Ripple costs 81% less than the correspondent banking network used
for decades to send global payments. And with Ripple, companies can track their
payments and see precisely how much it will cost to complete the transfer.

“It’s not just the real-time transfer that’s important here but the information we
can send with the payment,” Pertusa had said. “That’s very relevant for our clients
because they could begin streamlining their reconciliation systems.”

You Can read the Whole Article Here:

[Banco Bilbao Vizcaya Argentaria, S.A. is a multinational Spanish banking group. It was formed from a merger of Banco Bilbao Vizcaya and Argentaria in 1999, and is the second largest bank in Spain]

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