The modern business ecosystem requires strong security based payment applications which offer real time settlements for transactions across the globe. The cross border remittances have always been cumbersome with the risk of external hacking and heavy remittance fee structures. The answer to all these problems lies in a one stop corporate payment solution on blockchain […]
United Arab Emirates (UAE), Qatar and Kuwait all these three are oil-rich Gulf states and they have large migrant populations. Almost 88 percent of the people in UAE, 75 percent in Qatar and 74 percent in Kuwait are from other countries.
Tata Consultancy Services (TCS), India’s largest IT services, consulting and business solutions organisation. It reveals recently that it is using DLT based payment infrastructures (like RippleNet) for processing of Cross border FX remittance transactions. TCS has released a press release in which it revealed about using RippleNet.
Blockchain, just as the internet was in its initial days, is being heralded as the next big revolution in the history of technology
