RAKBank launches block-chain based payments to India

November 27, 2017

A retail and business bank in UAE has partnered with the blockchain company Ripple to support instant cross-border payments to retail customers in India which is the world’s largest remittance receiver. We saw American Express partner with Ripple to use its technology to provide a way to send instant cross-border payments with lower transactions costs. The age of block-chain has now allowed conventional bank remittances to be replaced by instant…