Ripple: Banks Unlikely to Apply Blockchain for Cross-Border Payments in Near Future

Source: Altcoin Today, originally published on .

http://altcointoday.com/ripple-banks-unlikely-to-apply-blockchain-for-cross-border-payments-in-near-future/.

Ripple: Banks Unlikely to Apply Blockchain for Cross-Border Payments in Near Future Ripple chief cryptographer David Schwartz claims that banks are unlikely to deploy blockchain to process international payments, citing low scalability and privacy problems, Reuters reports June 13. In an interview with Reuters, Schwartz argued that despite the fact that banks acknowledge blockchain technology’s potential in reducing transaction times and costs, the technology is…

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