PNC Financial Services Group Inc. (NYSE: PNC) is joining the cryptocurrency revolution. The bank's Treasury Management division will soon start accepting cross-border transactions using Ripple's product, xCurrent, according to CoinDesk.com.
For now, PNC will only be accepting inbound transactions using the product.
This is a big step for the crypto market, as PNC is one of the largest banks by assets in the United States.
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It will help more large institutions realize the benefits of crypto payments.
Here is a recap of the top five cryptocurrencies by market cap as of 10:30 a.m. ET:
| Cryptocurrency | Market Cap | Price | Change (24h) |
| Bitcoin (BTC) | $109,619,849,644 | $6,345.10 | -0.47% |
| Ethereum (ETH) | $21,437,139,875 | $210.05 | -0.67% |
| Ripple (XRP) | $12,892,848,626 | $0.323867 | +0.53% |
| Bitcoin Cash (BCH) | $7,457,763,879 | $429.67 | -2.61% |
| EOS (EOS) | $4,603,551,147 | $5.08 | -0.27% |
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