Ripple Signs Federal Bank Ltd of India as Partner

Ripple today signed on Federal Bank of India LTD as a partner as a way to opening up the corridors in India, specifically the India to UAE corridor. India banking system is currently still under the RBI’s ban of not being allowed to work with cryptocurrencies but that may soon be reversed. Even if the ban is not reversed, Federal Bank of India LTD can still use xCurrent for tranferring money, they just won’t be able to use xRapid or XRP.

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