Credit Risk Cross-Border Settlement Use Case 
PYMNTS
MARCH 2, 2016
The company also pointed to the recent rise of the nostro account, an account owned by a financial institution in another country with funds held in local currency, used to facilitate cross-border settlement. With Ripple, this cost is all but eliminated, cutting costs in this area by 99 percent.
PYMNTS
APRIL 30, 2018
with supporting use cases mostly related to financial services and cross-border settlement, for a grand total of $242 million in 2018. They’re also using software and cryptographic techniques and permissioned-based networks to digitize and move assets around the world faster and in a secure, compliant manner.
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