August 03, 2018 277By Adrian Barkley
“Improving remittances services into and out of India means less fees and more money for families who rely on those funds that are sent home… This trend is increasing across payment providers and banks inside and outside of the country — further underscoring the mounting opportunity in remittances to India from around the world.”See more for yourself, here. There is evidence to suggest that the ball is already rolling for Ripple in India. Kotak Mahindra Bank have recently announced that they will be integrating RippleNet into all there 1300 branches across the country and moreover, just last year Ripple also opened an office in Mumbai. Overall, Ripple alone are unlikely to overturn the RBI decision and of course even with crypto banned in the country, there are still very promising uses for Ripple’s technologies in India. What we are seeing here however is Ripple looking towards a future where cryptocurrency can exist in the country and can be used as a viable asset. I suppose by keeping their heads down and just carrying on with their work, Ripple will be able to make the most of any future decisions made by the RBI. Crypto isn’t totally over in India just yet.