todaysgazette.com
Customers of Bank of Scotland, Halifax, and Lloyds are facing Faster Payments anomaly, making them to be unable to transfer fund on the go. There seems to be an opportunity for Ripple’s xRapid here.
Lloyds Bank, in a statement on Twitter stated that “some” of its customers are unable to achieve faster payments, stating afterward that it is working on resolving the glitches, and that customers are going to see improvement shortly.
In the same line, Halifax and Bank of Scotland, which are owned by Lloyds Banking Group are having the same issues.
While Lloyds appears to be the only bank bedeviled with this problems, Lloyds pointed it had a planned maintenance between 1am and 6am on Friday, which affected mobile and internet banking.
On Twitter, some certain customers complained they are unable to withdrawing money from cash machines.
@AskLloydsBank Are you aware that non of your contact numbers are working as well? call lots of different numbers and when it rings it then goes straight to being cut off… this on top of not being able to make transfer online, any advice?
— Chase Hattan Watches (@ChaseHattan1) January 18, 2019
@AskHalifaxBank I’ve tried to get cash out from 3 different cash machines on 2 different accounts but the cash machine kept saying “unable to process transaction, contact your card provider”. This is very irritating as I need the cash for before 12
— potato 🥔 (@Amy_Brownxxx) January 18, 2019
Ripple’s xRapid is The Solution To Faster Payment Glitches
To achieve instant payment transfer, Ripple’s awesome cross-border remittance tool xRapid has been pointed as an unmatched innovation.
Several banks have lauded the awesome capacity of RippleNets, with central banks confirming the transfer network outperforms the likes of SWIFT.
While some see this as a capacity overblown, few days back, Mercury-fx Ltd announced it achieved its fastest and cheapest payment transfer using xRapid without paying exorbitant price. According to several firms using RippleNet, the blockchain remittance network is second to none.
Now, due to xRapid’s outstanding performance, around 27 financial institutions are now using the cross-border remittance service, which largely depend on XRP to achieve seamless transfer.
Ripple To Partner With Half World’s Reputable Banks In The Next 5 Years
Ripple’s CEO Brad Garlinghouse has plan to partner with half of world’s top banks in the next five years. The journey to achieve the goal was started last year when the blockchain platform doubled its effort and sealed many partnership deals than expected.
Different financial institutions, central banks and world top banks are now using Ripple network for seamless transfer. Banks with instant payment difficulties need not look elsewhere but embrace Ripple services and jettison the archaic style of remittance.