Ripple technology is of great interest to financial service providers around the world. Standard Chartered is one of many companies that are experimenting with these new tools. SC has made it clear that it intends to expand the use of RippleNet in various countries. This is great news for a money-oriented payment system.
In the world of Finance, there is a growing demand for cheaper and faster cross-border payment solutions. Issuer companies do a lot of work, but still this is not always enough. In this regard, banks are looking for alternative solutions. Projects based on Blockchain technology perfectly help financial institutions in this. It seems that RippleNet occupies a leading position in this segment.
Standart Chartered has been experimenting with the above-mentioned technology for some time, and was very pleased with the result. In addition, they plan to implement it not only in Singapore but also in five other countries, which is of great importance for the financial market as a whole.
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At the moment, it remains unclear which countries will be involved, as there is no information about this initiative. With an emphasis on transparent, fast and cheap transfers, RippleNet technology will continue to attract more attention from various financial institutions.