HSBC recognizes the potential of Ripple’s distributed ledger technology (DLT) for cross-border payments, highlighting how Ripple’s XRP ledger enables real-time settlements.
HSBC believes DLT can streamline value transfers, reduce costs, operational risks, and settlement periods in the banking industry.
HSBC, one of the largest banking institutions with $3 trillion in assets under management, recently heaped praises on Ripple and its distributed ledger technology (DLT) for cross-border payments.
As we know, Ripple has been offering its DLT solution RippleNet to several financial institutions thereby helping them with fast cross-border payments using the power of blockchain technology. Additionally, the company has also facilitated instant settlements over the XRP ledger making it one of the most robust solutions in the market today.
Banking giant HSBC is betting on the future of DLT and believes that it can streamline end-to-end value transfers, reduce costs, operational risks, as w

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