Ripple Digging its Root Deeper in Indian Market

Must Read

Anonymous Developer Builds Unofficial Blockchain Explorer For VeChainThor – VeChainThorScan

An anonymous developer has published an unofficial web app called VeChainThorScan that poses as a blockchain explorer for...

Matic Network Announces Stake Capital As Official Staking Partner

Matic Network, the blockchain scalability platform has formally announced Stake Capital, the DeFi service provider as the official...

Huobi Group Steps Up To Help Corona Virus Victims By Donating 10 Million For Medicine And Health

Huobi Group is a leading cryptocurrency exchange firm based out in Singapore, focusing on the digital economy and...
Screenshot_20191123-173815_2
Anurag Agarwalhttps://www.thecoinrepublic.com
Anurag Agarwal is a writer for Thecoinrepublic. He is pursuant of B.tech in biotechnology from M.I.E.T Meerut, who's passion is to read and express through the medium of words. He is contributing the regular in-depth analysis of News and updates.

Ripple Digging its Root Deeper in Indian Market

  • Ripple collaborates with HDFC banks to make a stronghold in the Indian Market.
  • This is one of the 300 partnerships Ripple announced during the swell conference.
  • HDFC is an addition to the list of existing partners in the Indian market.

In the Swell conference which was held in the starting weeks of November of 2019, Ripple’s Global Head of Strategic Accounts, Marcus Treacher announced their plans of carrying forward multiple partnerships in the different parts of the world.

One of the major partnerships in this list is with an Indian Bank ‘HDFC’.

During the Swell conference itself, officials of Ripple announced that they have successfully moved forward with about 300 new partnerships across the globe, on asking about the names of companies associated in the partnership, Ripples official classified companies in a very broad way, saying half of them are banks and other half is Fintech Service Providers.

Though some names of the banks were revealed this includes some very big names like the Bank of Tokyo, Mitsubishi, the Santander, and the Standard Chartered.

Intentions of Ripple through these Partnerships

The basic idea behind partnering with different financial institutions of the world is to make people and companies comfortable with the idea of using cryptocurrency and the main aim of focusing more on the Asian market is because of its emerging technology in the field of wallets and open-networking.

About Indian market

On the topic of the Indian market, Treacher commented that Ripple is already known in the country because of its collaboration with other Indian banks including Hindustan Bank, Kotak, Yes Bank, Axis Bank. HDFC is an addition to the list of existing partners in the Indian market.

Treacher maintained the suspense of their nature of the partnership with HDFC but by analyzing the environment for cryptocurrency in the country it could be assumed that the nature of their partnership may be limited to B2B terms.

Hot News

Anonymous Developer Builds Unofficial Blockchain Explorer For VeChainThor – VeChainThorScan

An anonymous developer has published an unofficial web app called VeChainThorScan that poses as a blockchain explorer for the VeChain (VET) cryptocurrency. Node...

Matic Network Announces Stake Capital As Official Staking Partner

Matic Network, the blockchain scalability platform has formally announced Stake Capital, the DeFi service provider as the official staking partner. Matic Network stated...

Huobi Group Steps Up To Help Corona Virus Victims By Donating 10 Million For Medicine And Health

Huobi Group is a leading cryptocurrency exchange firm based out in Singapore, focusing on the digital economy and Blockchain. The global branches of...

Baidu Searches For Bitcoin Reaches New Low Yet Prices Are On An Uptrend

Baidu is seeing a new monthly low in searches for Bitcoin although the prices for the famous cryptocurrency seem to be on an...

Reckless Review Host Thinks Stablecoin Success Depends Entirely On Bitcoin

Reckless Review, tweeted out his opinion that the success of Stablecoins depends entirely on Bitcoin. The Bitcoinist also went on to state that...

SEC Will Inaugurate A Node On XRP Ledger Said Ripple’s EX

SEC had made the announcement sometimes back said alterity, SEC did not even call Ripple to ask for the Authorization, only intended to...

Matic Network Announces Stake Capital As Official Staking Partner

Matic Network, the blockchain scalability platform has formally announced Stake Capital, the DeFi service provider as the official staking partner. Matic Network stated...

Huobi Group Steps Up To Help Corona Virus Victims By Donating 10 Million For Medicine And Health

Huobi Group is a leading cryptocurrency exchange firm based out in Singapore, focusing on the digital economy and Blockchain. The global branches of...

Baidu Searches For Bitcoin Reaches New Low Yet Prices Are On An Uptrend

Baidu is seeing a new monthly low in searches for Bitcoin although the prices for the famous cryptocurrency seem to be on an...

Reckless Review Host Thinks Stablecoin Success Depends Entirely On Bitcoin

Reckless Review, tweeted out his opinion that the success of Stablecoins depends entirely on Bitcoin. The Bitcoinist also went on to state that...

RELATED NEWS

Anonymous Developer Builds Unofficial Blockchain Explorer For VeChainThor –...

An anonymous developer has published an unofficial web app called VeChainThorScan that poses...

Matic Network Announces Stake Capital As Official Staking Partner

Matic Network, the blockchain scalability platform has formally announced Stake Capital, the DeFi...

Huobi Group Steps Up To Help Corona Virus Victims...

Huobi Group is a leading cryptocurrency exchange firm based out in Singapore, focusing...