- The Managing Director of South Asia & MENA at Ripple, Navin Gupta, on his latest interview, talks about banks and Fintech collaborations.
- During his interview, he shared many critical points related to cryptocurrency over the Indian platform.
- According to Mr. Gupta, XRP to introduce in India when the ideal situation will have regulations like other countries.
According to a senior executive of Ripple XRP revealed when a product like XRP could enter in India. The Managing Director of South Asia & MENA at Ripple, Navin Gupta, on his latest interview, talks about banks and Fintech collaborations.
Ripple MD: Fintechs are Exceptional at Innovation
During his interview, he shared many key points related to cryptocurrency over the Indian platform. According to him, Fintechs are found exceptional at innovation. As they develop unique things at a fast pace and introduce to the market very quickly. However, the Fintechs have a quench to search for its market and customer-base constantly.
Moreover, the Ripple executive shared his views pertaining to several issues such as whether businesspersons could create use cases around Ripple if the current pandemic has affected customer behavior with respect to services & remittance and many more.
A piece of video of Mr. Gupta shared on Twitter where he replied about when Ripple XRP will be launched in India.
You talk about #XRP when can we see such a kind of product or service in India?
"Ideal situation would be if India could have an enabling regulation like Mexico has, like Philippines has, like Japan has like UAE has many of the countries around the world" pic.twitter.com/zAnkKJlsze
— ༜༝??????????⚡ (@XRP_stuart) June 7, 2020
According to Mr. Gupta, XRP to introduce in India when the ideal situation will have regulations like other countries. These countries include Mexico, the Philippines, Japan, and the UAE, and many more. There will be chances to introduce ripple and XRP in India.
The popularity of cryptocurrency in the Indian market
After the historical verdict over RBI 2018 Circular, the Indian Cryptocurrency market has geared up rapidly. Despite the nation facing a massive coronavirus crisis and strict lockdown. Recently, a global aggregator of crypto exchanges, CoinSwitch has launched CoinSwitch Kuber. It is an Indian rupee (INR) crypto exchange mobile app for the Indian market.
As per reports, the remittance market of India will soon take benefit from Bitcoin and XRP for cross-border payments.