India's Axis Bank Launches Ripple Payments

India's Axis Bank Launches Ripple Payments

India-based Axis Bank will soon begin leveraging distributed ledger tech. Announced this week, Axis will use Ripple's network for cross-border transactions. As reported by regional news source The Economic Times, the solution's underlying technology will enable real-time settlement for cross-border payments – an area the bank is targeting for future growth. "We are committed to using innovation in technology to make banking simple and convenient for our customers," deputy managing director V Srinivasan said in a statement, according to the paper. The launch comes just a few....


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