Commonwealth Bank of Australia to Work with Ripple Labs

Commonwealth Bank of Australia to Work with Ripple Labs

In an effort to stay abreast with current financial developments, the Commonwealth Bank of Australia (CBA) announced their decision to work with Ripple Labs to use digital currency internally. This will allow the institution to gain a deeper understanding on the workings of cryptocurrency. The CBA has been known to be open-minded about technological developments so this move wasn't at all surprising. According to their chief information officer David Whiteing, their stronghold on the technology sector could weaken if they do not make an attempt to work with the digital currency industry.....


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