KOCHI: Federal Bank has entered into a partnership with Ripple Inc, a blockchain supported global remittance company, for cross border remittance through its network, according to a Federal Bank regulatory filing at the stock markets.
“Powered by blockchain-enabled solution, the Ripple platform ensures cross-border transactions much safer and secured. This partnership will help Federal Bank to explore new corridors where Ripple is aggressively pursuing new partnerships,” said the statement.
In a meeting held on Thursday (March 28), Shyam Srinivasan, Federal Bank MD & CEO and John Mitchell, Senior Vice President Ripple Inc, signed the agreements for the partnership.Advertisement
