Cryptocurrency player Ripple keen to set off blockchain waves in Singapore

Singapore

FRESH from setting up an office in Singapore in September, Ripple - the blockchain firm behind what is now 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.