Published 5 years ago on June 27, 2018
âThe decentralized network of banks across the world isÂ over 100 strong. Next week in Dubai, members of the network will meet to forge new connections and discuss how they use Ripple technology â sharing lessons learned and best practices.âMoreover:
âFor regional banks, events like these provide a critical opportunity to create relationships that open new remittance corridors. Together with new technology, these relationships level the playing field for regional banks â they can now overcome both the cost and risk associated with the traditional correspondent banking model and better service their customersâ needs.âSee more for yourself, here- https://ripple.com/insights/banks-turn-remittance-obstacles-into-opportunities-with-ripple/ What could this mean? Assuming this network of banks are coming together with the view to fully integrate Ripple technologies, they will join an army of companies all set in Ripples crosshairs for an eventual roll out of XRP as a viable currency. Along with the glitz and glamour of an association with Dubai, comes the real financial banking from institutional investors based there. I suppose it could be a win win situation. As stated, this is speculation based. Nothing will happen straight away and of course, we canât guarantee that anything good will come of this, it could turn out that they all hate the idea of XRP. A little speculation however can go a long way, perhaps at the very least, something positive may come from this meeting.