Cardano [ADA]’s Charles Hoskinson paints a speculative future of an alternative economy XRP [XRP] added on Philippines exchange platform – Coins.ph IOTA [MIOTA]’s Trinity Wallet desktop beta update Cryptocurrency market capitalization plunges to its lowest while Bitcoin [BTC] dominance hits its highest this year Binance CEO CZ says the platform does not list shitcoins in retaliation to allegations made against the platform Cardano [ADA] approaching Mainnet, talks about Daedalus App, Wallet and more Ethereum [ETH] versus Cardano [ADA], the cyber-war in action South Korea includes blockchain technology in its 6-month Youth Training Program Token engineering and incentivizing the cryptocurrency industry is key to development: Daniel Burke Bitcoin [BTC] to facilitate positive effect in the marketplace, says Charles Hoskinson Bitcoin [BTC] market dominance at 2018 high, Wall Street analyst predicts “game over” Bitcoin [BTC] – Vitalik Buterin’s dig at the Bitcoin community sets the Twitterati reeling Tron [TRX] developments become apparent, first ad spotted on uTorrent Tron [TRX]’s Justin Sun releases the query tool for frozen addresses of the Foundation Ripple India MD speaks about expansion plans, states “list of banks will grow” Rosen Law Firm announces securities investigation into Ripple and XRP Roger Ver apologizes for Ripple and XRP Ledger ‘Fake News’ Ripple has begun targeting Asian markets for the propagation of their technology. More specifically, the settlements firm is focusing on the Japanese and Indian markets.
Ripple’s Navin Gupta, the Managing Director for India, Southeast Asia, the Middle East and North Africa, recently spoke about these plans in an interview with TechCircle. Ripple opened an office in Mumbai last year, keeping in view its expansion plans.
Moreover, the firm has lately been adding the banks in India to its network of banks worldwide known as RippleNet. They also seem to be making moves to hold a dominant market share in the Indian market, with SVP of Product, Asheesh Birla, stating: Keeping this in mind, Gupta recently spoke in an interview about how Ripple wants to tap into the $70 billion remittance market.
He also spoke about its solutions and the primary competitor it has in the field. Ripple is matched up against a 60-year old banking system known as the Society for Worldwide Interbank Financial Telecommunication, better known by the name SWIFT.
The legacy system reportedly has around a 6% error rate, something that Ripple aims to identify and improve through their solutions. Gupta stated: “We are building a message-based superhighway through which money can travel and, mind you, they don’t have to be cryptocurrencies; fiat currencies can also travel via our blockchain protocol.” Gupta also revealed details about other markets that Ripple is specifically looking at, such as banks in the Middle Eastern region. Read more from ambcrypto.com…
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