Cryptocurrency player Ripple keen to set off blockchain waves in Singapore

Cryptocurrency player Ripple keen to set off blockchain waves in Singapore, Companies & Markets News & Top Stories - The Straits Times

Cryptocurrency player Ripple keen to set off blockchain waves in Singapore

SINGAPORE (THE BUSINESS TIMES) - Fresh from setting up an office in Singapore in September, Ripple - the blockchain firm behind what was the world's second-most valuable cryptocurrency after bitcoin - is keen to engage the key financial centre in ways to develop the use of blockchain technology, said its top executive. Ripple, which sees South-east Asia as a priority market with pressing remittance demands, is among the firms that have held early talks with the Monetary Authority of Singapore (MAS) for its technology to be part of the MAS's blockchain experiment in cross-border payments, said CEO of Ripple, Brad Garlinghouse, in an interview with The Business Times. "Cross-border is where we think we can uniquely help," said Mr Garlinghouse, referring to talks with MAS, while noting that no deal has been firmed up. Singapore's regulator said last year during the Singapore ...

Full article: http://www.straitstimes.com/business/companies-markets/cr...

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