[The Next Web] Ripple partners with the Federal Bank of India for cross-border payments

The Federal Bank of India has partnered with Ripple to facilitate international payments. In an announcement to the Bombay Stock Exchange (BSE), the Federal Bank confirmed its partnership with blockchain technology firm Ripple. The partnership will see the bank use Ripple’s blockchain solutions for cross-border remittances. Unfortunately, it remains unclear whether the partnership will involve the use of cryptocurrency. Shyam Srinivasan, Federal Bank MD and CEO, and John Mitchell, Senior Vice President at Ripple, signed the partnership agreement between the two parties. It might come as surprising news to some as India and cryptocurrency have certainly had a tumultuous past.…

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