RippleNet Cloud, which was launched just two weeks ago by the Ripple, has recently been <a href="https://newslogical.com/ripples-cloud-service-gets-first-adoption-in-banking-industry/" target="_blank" rel="noopener">adopted</a> by the Banking Industry.

A Brazil-based bank, Banco Rendimento, became the first financial institution that has adopted the RippleNet Cloud Service so that its customers could enjoy better and more flexible payment services.
<h2>Banco Rendinmento To Soon Merge Its Services</h2>
On June 11, while making the announcement, Banco Rendimento notified that the incorporation of new solution would help it to enhance its partnership with Ripple.

Earlier, during the launch of RippleNet Cloud, Ripple specified that at the time of pandemic and after that also its service would help the banks to survive in the market.

Soon the first bank that has adopted Ripple’s solution would link its services with the RippleNet Cloud.

Since the year 2018, Ripple and Banco Rendimento are each other’s partners and the bank has become the part of top financial institutions that are using RippleNet solution.

While commenting on Banco Rendimento’s decision regarding joining the RippleNet solution, Ripple stated that there are other banks also who would soon be joining the solution but the Brazil-based bank is 5 weeks faster than the others.
<h2>RippleNet Cloud Reduces Expenses </h2>
After linking its services to RippleNet Solutions, Banco Rendimento would be able to enjoy various benefits that are offered by the solutions.

The new solution introduced by Ripple would help the financial institutions in storing their data. The institutions would also be able to use the cloud solution in managing multiple operations.

The monitoring and support team of RippleNet Cloud would be available 24*7 to attend the problems of banks. While the banks would be using this solution, it would reduce their expenses.

The RippleNet Cloud offers more options to those financial institutions, that are using the On-Demand Liquidity of Ripple which uses XRP for making transactions.

The Vice President Product at Ripple, Amir Sarhangi, recently has said that before Banco Rendinmento, some of the top-listed members of RippleNet have already deployed this cloud services.

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Banco Rendimento, First In Banking Industry To Adopt RippleNet Cloud

RippleNet Cloud, which was launched just two weeks ago by the Ripple, has recently been adopted by the Banco Rendimento, within the banking industry.

Jyoti is a graduate from GGSIPU and has done her PG Diploma in English Journalism from IIMC. Presently, she is working as a content writer with Agio Support Solution Pvt. Ltd. Her aim is to provide informative content about cryptocurrency and blockchain, to the tech-enthusiasts.

Banco Rendimento, First In Banking Industry To Adopt RippleNet Cloud

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