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Cryptocurrency player Ripple keen to set off blockchain waves in Singapore

Firm offers technology to banks to speed up cross-border payments from days to seconds

Banks hold capital and collateral against settlement risks, so a reduction in settlement time would translate to huge savings in the trillions, says Mr Garlinghouse.


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...

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