Ripple Announced as Cheapest Method for Transnational Payments by Major DBS Bank in South-East Asia

Libra Coin News
Thu, 08/22/2019 - 08:11
Yuri Molchan
One of the major banks in South-East Asia has officially dubbed Ripple the cheapest way for making international payments
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On Wednesday, one of the major XRP community members, going by the nickname @BankXRP, published some positive news about Ripple on their Twitter account. This user generally promotes Ripple and XRP and its ecosystem.

This time, @BankXRP published some information regarding one more acknowledgement of Ripple by major global banks. One of them, DBS Bank, which is one of the top banking institutions in the South-East Asia, has referred to Ripple as the cheapest way of conducting transnational payments.

Ripple is acknowledged by DBS Bank

The bank was set up back in the late 60s of last century and it operates nearly $340 bln in assets. Its annual revenue is about $10 bln.

In the recently issued official document, the bank compares several payment systems for international transactions and selects Ripple as the fastest one.

Ripple’s XRP Added to New Index of NASDAQ on Recently Launched Website

Ripple’s top manager joins MoneyGram board

Meanwhile, Ripple continues to expand its list of partners and starts working with them closely. An XRP community member has announced on Twitter that Kahina Van Dyke, who is head of SVP Business and Corporate Development at Ripple, has joined MoneyGram’s board of directors as an observer.

This follows the recent partnership between Ripple and MoneyGram as the latter started using Ripple’s xRapid technology for conducting international payments.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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