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