Standard Chartered Bank has disclosed its plans to expand use of the network Ripple (XRP). Until the end of the year the Bank plans to expand its operation to five pairs of countries. The company’s decision Analytics combine with the aim to unlock a new trade corridor, which is a whopping amount of $ 15 billion. The corridor is located between India and Singapore and will be released in November. The goal of the system to increase the speed of payment.
CEO Standard Chartered Bank – bill winters, the American banker, whose main purpose is to expand the Bank’s business through RippleNet. The company’s plans were disclosed in the report for the 1st quarter of 2018. The report pays special attention to the Bank’s investment in innovation and many more. According to winters, his company uses blockchain technology to optimize payments across the border. And it’s just a part of the first corridor, which will allow you to make payments in real time.
RippleNet will allow the Bank to use its technology in a centralized structure, and the Bank will benefit from the speed of transactions and control operations.
Note that Standard Chartered Bank is popular mainly for its operations in a large network, which includes more than 1,200 branches. The company has businesses in more than 70 countries, providing jobs for over 18,000 employees.
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