Ripple has pushed its RippleNet and ODL technologies into the Indian market.
With plans to make remittances cheaper and faster, Ripple aims to capture more Asian markets.
In one of its most ambitious business moves, blockchain payments firm Ripple Labs Inc has made a bold entry into the Indian market. The entry into India is an event that has been consistent over the past few years with a number of established Indian banks now adopting the cross-border payment solution being brandished by the blockchain-based company.
Remittances based on the current financial infrastructure have a lot of flaws that require targeted improvements on. While sending payments from one country to the other typically takes days under the current banking system, the woes are further compounded by the high cost that is notably associated with the transactions.
The advent of blockchain and the design of the RippleNet, the payment platform developed by Ripple Labs seeks to correct both of these anomalies viz, hi

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