A business catharsis – CIMB joins RipplenNet and Ripple has a different perspective
A candid public discussion is better than a prolonged secret work to announce it with a load of hype. Ripple is set for an ultimate and significant debut into Malaysia as it welcomes the country’s financial heavy-weight CIMB Group Holdings Bhd into its cross-border payment system. This development comes as Ripple continues to garner of traction in the global market. At present, SWIFT has around 11,000 banks on its network. Ripple has barely over 100 customers and is making huge steps in wooing more. According to data from the World Bank, the total value of global remittances is allegedly claimed to hit $642 billion by end of this year.