Headlines for the world of Cryptocurrencies - November 23, 2017
Business Bank in UAE Partners with Ripple for Instant Cross-Border Payments to India
National Bank of Ras Al-Khaimah, also known as RAK, has partnered with Ripple to create instant cross-border payments to India, which is the largest receiver of remittances in the world.
The business and retail bank will be using the Ripple’s blockchain network, RippleNet to allow instant retail remittances to customers in Axis Bank in India.
The remittance system will be called RAKMoneyTransfer (RMT) which could process payments within seconds and with end-to-end visibility of the whole process of the payment.
Axis Bank, one of India’s major private sector lender has joined Ripple early this year and has been processing cross-border remittances using the blockchain.
State Bank of India to Pilot Test a Blockchain-powered Smart Contracts
The State Bank of India (SBI) has recently planned to pilot test a smart contracts system based on blockchain this coming December.
The smart contracts system was developed by BankChain Consortium which was launched this Februarry and is composed of twenty-seven member banks that aims to create blockchain solutions for the banking industry in India.
The system can be used in the majority of SBI’s internal processes and things like nondisclosure agreements which will be tested on pilot this December.
Headlines for the world of Cryptocurrencies - November 22, 2017Hong Kong Crypto-Exchange, Gatecoin To Resume Bank Transfers And Adds Litecoin / Philippine Regulators Is Moving Towards Legalizing Bitcoin As A Security |
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Headlines for the world of Cryptocurrencies - November 21, 201788% of Japanese Have Heard Of Bitcoin According To A Survey / CME Group To Launch Bitcoin Futures On December 10, 2017 |
Headlines for the world of Cryptocurrencies - November 20, 2017Visa Pilots Blockchain Business-To-Business Payments Service / European Company Cointed Brings Cryptocurrencies To The Main Street – Launches Crypto-ATMs for Mainstream Use |
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