Ripple is working to install xCurrent, its cross-border payment messaging software, at a huge number of banks across India.
Speaking at a presentation at India Dapp Fest 2019, Sachin Maheshwari, a senior integration engineer at Ripple, said the company is implementing xCurrent “with all the banks in India.”
“We made payments from the Middle East to India within just one or two minutes and completed an entire validation of the transaction as well.”
Ripple’s ambitious plans for India affirm previous statements made by the company.
In 2018, Asheesh Birla, Ripple’s senior vice president of product, said it was possible that the company had already cornered at least half of India’s market.
“We looked early on at India, and we looked at two billion people – a huge market. And we decided, how do you get two billion people onto Ripple? Do we give the currency away to every Indian, that’s like two billion – just give it away?