Ripple extends partnerships to India, Singapore – Banking & Finance,UAE
Ripple continues to extends its reach into the financial services sector by adding more major institutions to its client base. The blockchain-based payments solutions provider, whose native token XRP is the third largest cryptocurrency by market capitalisation, has announced a slew of new partnerships in the last few days, including India’s IndusInd – which has representative offices in Dubai and Abu Dhabi – and InstaRem, a Singapore-based remittance service provider with more than 20,000 subscribers.
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Though, XRP isn't really true blockchain. It's controlled by a centralized entity.