Chinese Regulators, Banks Set to Test Ripple’s Settlement Solution

[kreslik.news]

Chinese regulators, banks and payment providers ‎are reportedly set to carry out a test of ‎Ripple’s settlement solution, xCurrent, ‎in a bid to improve ‎‎payments infrastructure and ‎enables financial institutions to instantly ‎settle cross-border payments with ‎end-to-end tracking.‎

A recent statement by Ripple reflects its plans to expand in China by the end of ‎the year, something that lucrative but not easy. ‎As per a report, the company has been carrying out trails related to payment transactions and ‎settlements using its blockchain-powered solutions.

Ripple’s head of government and regulatory relations for Asia Pacific Sagar Sarbhai ‎said: “This year you will see more ... (read more)