• Sat, 16 Feb 2019, 08:02 AM
  • All times are UTC
  • Edition:
    International
Link copied

Currencies Direct taps blockchain startup Ripple’s xCurrent for real-time remittances to India

Image: Glassdoor

Tue, 11 Dec 2018, 11:19 am UTC

Currencies Direct, a UK-based foreign exchange and payment solutions company, is going to launch a new real-time cross-border remittance to India using blockchain startup Ripple’s solution, Finextra reported.

The company will use Ripple’s xCurrent payment protocol which allows banks to message each other in real-time to confirm payment details before a transaction is initiated and to confirm delivery after settlement. For customers, the solution will enable them to track their payments at every stage.

“xCurrent is Ripple’s enterprise software solution that enables banks to instantly settle cross-border payments with end-to-end tracking,” according to Ripple’s website.

xCurrent also includes a Rulebook that ensures operational consistency and legal clarity for every transaction.

“Our partnership with Ripple showcases the future of international payments and how technology can greatly improve the customer experience. When you think about the vast volumes of money that are being transferred around the world and to India specifically, it’s only right that customers have the ability to check the status of their funds at every stage,” Vivek Awasthi, chief information officer at Currencies Direct, said.

“Whether you’re a consumer, sole trader, financial director or controller, people always want to have visibility of their money and we see xCurrent as a gamechanger for payments.”

The launch will follow a successful trial conducted by Currencies Direct in May 2018 in which it completed an international payment over Ripple’s xRapid platform using XRP.

<Copyright © TokenPost. All Rights Reserved. >

The commenting service is available only after having logged in.
More
  • Bitcoin (BTC) $3,634.34 (+0.16%)
  • Ethereum (ETH) $123.13 (+0.21%)
  • XRP (XRP) $0.302200 (-0.22%)
  • Litecoin (LTC) $43.95 (+3.13%)
  • EOS (EOS) $2.82 (+0.24%)
  • Bitcoin (BTC) $3,634.34 (+0.16%)
Feb 15, 2019 (Friday)
10:50
Dutch firm ElaadNL taps IOTA technology for autonomous smart grid PoC
09:39
Rabobank pumps ‎€80M into venture fund to drive fintech and agtech investments
09:06
Enterprise Ethereum Alliance to launch token task force in 2019
07:21
BitTorrent unveils new payment card for BTT tokens
06:09
Luxembourg lawmakers pass blockchain bill into law
05:11
Canadian crypto exchange Coinsquare acquires StellarX
04:12
JP Morgan reveals key details of Quorum Blockchain-based JPM Coin
03:41
Samsung SDS develops blockchain accelerator technology to enhance transaction processing speed
Feb 14, 2019 (Thursday)
12:11
JP Morgan to trial own cryptocurrency ‘JPM Coin’ for instant client payments: Report
11:04
Intel announces new product to accelerate blockchain deployment
09:47
Huobi Wallet adds support for Japanese and Korean languages
09:11
US CFTC includes cryptocurrencies in 2019 examination priorities
07:24
Nasdaq to launch Brave New Coin Bitcoin and Ethereum indices on February 25
06:07
Italian interbank blockchain project enters pre-production phase
05:14
Enterprise Ethereum Alliance opens regional office in China
04:16
UC Berkeley launches blockchain accelerator for early stage startups
03:39
Former JPMorgan Chase executive joins blockchain startup Vakt as CEO
Feb 13, 2019 (Wednesday)
11:46
New feature to enable Coinbase Wallet users to backup private keys on Google Drive and iCloud
10:52
Hyundai Commercial partners with IBM to create blockchain-based commercial financing platform
09:45
Gibraltar Blockchain Exchange lists ICNQ token on GBX-DAX
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft