India’s Axis Bank Taps Ripple for Cross-Border Remittances Blockchain

[kreslik.news]

Axis Bank, India’s third largest private sector bank, has decided to utilize blockchain technology in its cross-border remittances services. The bank has announced that to achieve this end, it has partnered with Ripple – the New York regulated San Francisco based blockchain development firm.

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Remittances are a key strategic area for the bank and a blockchain-based solution is meant to create more affordable real-time money transfers for its many clients.

“We are committed to using innovation in technology to make banking simple and convenient for our customers,” Deputy Managing Director ... (read more)