India’s Federal Bank, Ripple Partner For Blockchain Cross-Border...

India’s Federal Bank, Ripple Partner For Blockchain Cross-Border...

  • Federal Bank Limited, a private sector, scheduled commercial bank in India, has partnered with distributed ledger firm Ripple for cross-border remittance via the Ripple network.
  • Federal Bank Limited engages in commercial banking activities in India, with a history of 70 years and a large network of over 1200 branches, over 1665 ATMs and 258 cash recyclers spread across the country.
  • Gulf News reported that the bank recently upgraded its blockchain platform for remittances, enabling exchange houses and banks in the Middle East to connect their existing solutions to make seamless, real-time transactions.


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