Dutch central bank says ripple can improve payment efficiency local banks have completed the block chain solution testing work

The central Bank of the Netherlands (De Nederlandsche Bank) has listed Ripple as one of the "tangible solutions" and block chain innovation projects that can improve the efficiency of the payment system. In the use of ripple for infrastructure layout, the Dutch central bank wants to increase the speed and convenience of real-time payments while reducing costs.

It is reported that the Dutch Cooperative Bank (Rabobank Group) has completed the Ripple Interledger solution test Work--interledger is a ripple company launched a protocol, designed to be the bank ledger and block chain technology integration.

The Dutch central bank says banks are increasingly interested in the ripple agreement. The integration of the agreement into the banking system allows banks to provide any currency, any number of money transfer services to their clients, and does not require any "middleman", which in turn helps the bank to save substantial costs.

The Dutch central bank is expected to hold two national payment system forums each year, hoping to collect information from banks to improve the country's retail payment system. In fact, much of the discussion in the Forum focused on improving the efficiency of the payment system. The central Bank of the Netherlands explained that the payment process processing time could be shortened to 2-5 seconds with the support of the ripple technical solution.

It is worth mentioning that Ripple recently donated 29 million U.S. dollars to American public schools through the DonorsChoose Charitable foundation, and it is also the largest in the United States to date a cryptographic money education donation program. In addition, Ripple recently announced the addition of the Super Ledger Block chain Alliance.