Leading India’s bank in the Private Sector, Federal Bank, has announced its partnership with Ripple Inc, a blockchain supported global remittance company, for cross border remittance through its network, states the official announcement.
The bank notes that the partnership should help it to explore new corridors where Ripple "is aggressively pursuing new partnerships."
Previously, the National Bank of Kuwait (NBK) announced a partnership with Ripple to improve its cross-border payment system.
Moreover, Ripple CEO, Brad Garlinghouse, said during the D.C. Blockchain Summit celebrated in Washington that the JPM Coin lacks interoperability.