Deutsche Bank Integrates Ripple Blockchain Infrastructure

Deutsche Bank has announced that it will be using Ripple's blockchain infrastructure to improve its cross-border payment services. This move is seen as a significant endorsement for the Ripple ecosystem, with three major European institutions adopting the technology in February alone.

The integration will cover three areas: cross-border payments, foreign exchange workflows, and digital asset custody. Deutsche Bank will use Ripple's distributed ledger technology to reduce settlement times from days to seconds, potentially reducing operational costs by up to 30%.

While this partnership is seen as a major win for Ripple, the XRP token has not yet been used in any transactions related to the integration. However, experts believe that if Deutsche Bank were to eventually use Ripple's On-Demand Liquidity service, which involves the use of XRP tokens, it could have a significant impact on demand and prices.