Can Ripple's cross-border payment blockchain technology be on the international stage?
You may have heard about the ripple xrp latest news that o n June 28, Kotak Mahindra, India’s leading private bank, announced its cooperation with Ripple to improve the Bank’s cross-border remittance business. They plan to deploy the xCurrent blockchain settlement solution, which will reduce remittance payment time to within a few minutes. Kotak's market capitalization is even greater than that of Yes Bank & Axis Bank, which previously partnered with RippleNet. And Deepak Sharma, the Chief Digital Officer at Kotak Mahindra Bank said: “We employ new technologies to simplify and strengthen our banking services for our customers. And xCurrent meets all needs and enables us to use blockchain technology to provide customers with more transparent and efficient global payment services. Joining RippleNet also expands our global payment network so that we can connect with other members.” So far, more than 25 financial institutions around the world, including the famous Br