XRP Ledger A Gamer Change: HSBC On Distributed Ledger Tech
Also Read: US SEC Replaces Introductory Disclaimer; Another Win For Ripple? advertisement XRP Marking A Global Presence? HSBC, one of the world’s largest banks issued a report on Distributed Ledger Technology (DLT) in the Captial Markets. It highlighted the game changers and future trends in Securities Services. In the report, the bank cited how Ripple ’s XRP Ledger is solving the problem of real-time cross-border settlements. (XRP Ledger (XRPL) is Ripple’s DLT which utilizes its native token to make fast and secure cross border transactions.) However, HSBC mentioned that its foreign exchange tool has handled more than 3 million inter company transactions in the first 6 years. These transactions are worth around $250 billion. HSBC reportedly holds around $3 trillion of assets under management. XRPL receiving a mention by such a big banking institution suggests the global adoption of Ripple ’s technology. Read More XRP News Here… ...