2018-6-16 22:00 |
The company Ripple, which straddles the world of virtual currency and cross-border remittances, is left calm and collected by RBI’s (Reserve Bank of India’s) restriction on how banks carry out their dealings with cryptocurrencies.
The company is betting on Basel norms and the Reserve Bank of India’s own panel report on cryptocurrencies for the new framework that could bring about rescinding the ban.
Dilip Rao, Ripple’s global head of infrastructure innovation, said that XRP is unlike Bitcoin and other digital currencies as it’s designed to enable remittance of fiat currency instead of replacing it.
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