Ripple’s xCurrent adopted by Indian Private Sector Bank

The leading Indian private sector bank, Kotak Mahindra, has recently informed that Ripple’s settlement solution of xCurrent is to be used by the company
28 June 2018   1486

This solution will make it able to reduce the time associated with remittance payments by several minutes. The Chief Digital Officer of Kotak Mahindra Bank claimed on this matter:

We harness new technologies to simplify and enhance banking services for our customers. xCurrent ticks all the boxes, and enables us to offer our customers a more transparent and efficient global payments service using blockchain. Joining RippleNet also expands our payment network globally by allowing us to connect with other members.
Deepak Sharma
Chief Digital Officer, Kotak Mahindra Bank, India

At present there are more than 25 global financial establishments that successfully apply Ripple’s xCurrent solution with the major aim to enhance their client experience when it comes to cross-border transactions.

The payments problem is a global problem, particularly for those in emerging markets trying to send regular, low-value remittances overseas. Kotak Mahindra Bank can offer its retail customers a step-change improvement   in their inward remittance experience thanks to xCurrent, and we look forward to connecting them to other RippleNet members to expand their global remittance offering.
Navin Gupta
South Asia Managing Director, Ripple

As declared in the recent study, “India’s inward remittances have reached $69 billion during the previous financial year, which is 8 times more than its outward remittances”. Cross-border remittances are growing in the country with each year and  Indian hence major banks are gaining different blockchain technologies in order to push forward their online transactions. 

Ripple also suggests another progressive technology that is named xRapid. It provides liquidity for cross-border payments. As of now the solution however has not yet been implemented by many financial intuitions.

GRAM May be Traded at Liquid at Triple ICO Price

Bloomberg says that Telegram tokens, that may appear at Liquid will be sold by Gram Asia at $4 per token, but there's no official info from Telegram
04 July 2019   830

Even before the official public release of the cryptocurrency of the messenger, Telegram can increase in price by 200% relative to its value during the initial offer of coins. It is reported by Bloomberg.

As previously reported, Telegram tokens may appear on the Liquid Bitcoin Exchange already on July 10. The distributor is Gram Asia, which calls itself the largest holder of GRAM tokens in Asia. It intends to put up for sale rights to cryptocurrency at $ 4 per unit.

At the same time, one of the investors said to the publication that at the time of purchase the price of 1 Gram was $ 1.33.

It is worth noting, however, that after the announcement of the public sale of Telegram tokens to Liquid, the media reported that this intention had nothing to do with the official plans of Telegram.

Then one of Telegram's investors stated that no one has the right to sell tokens before their official launch in accordance with the signed agreement. Moreover, representatives of the popular messenger noted that they first heard about Gram Asia.

Later, CEO Liquid Mike Kayamora admitted that Telegram has no relation to the placement on Liquid: the deal was concluded exclusively between the exchange and Gram Asia, which allegedly is an incubator for the TON project.

The Block's leading analyst Larry Chermak on several tweets expressed skepticism about the announced Telegram tokenale based on the Liquid stock exchange, saying that he would “think twice before making a decision to invest.”