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Cryptocurrency News: Kotak Mahindra Bank Ripple partnership, Binance launches fiat-crypto trading

In this cryptocurrency news roundup, we first look at Indian financial institution Kotak Mahindra Bank which has partnered with Ripple for instant international remittances. Kotak Mahindra will use the RippleNet enterprise blockchain network for instant payments and settlements. This partnership with Ripple is only for the blockchain technology and has got nothing to o with its cryptocurrency XRP. Earlier this year, IndusInd bank had also partnered with Ripple. In other news, Binance has launched its first fiat-crypto trading initiative in Uganda. Binance users in the country can now trade cryptocurrencies in Binance with Ugandan Shillings. Finally, we lookat Japan’s popular messaging app LINE which is all set to launch a cryptocurrency exchange. Called Bitbox, the crypto-to-crypto trading platform will allow users to trade in 30 cryptocurrencies after the launch in July. Investors across the globe, apart from the US and Japan, will be able to trade on the cryptocurrency exchange. Will LINE be successful with this new initiative?

References:

Indian Bank Kotak Mahindra Taps Ripple for Instant International Remittance: https://www.ccn.com/indian-bank-kotak-mahindra-taps-ripple-for-instant-international-remittance/

Binance Set to Launch Its First Crypto-Fiat Exchange in Uganda: https://cointelegraph.com/news/exclusive-binance-set-to-launch-its-first-crypto-fiat-exchange-in-uganda

Japan’s LINE Plans to Launch Crypto Exchange in July, Excludes Japanese, US Traders: https://cointelegraph.com/news/japan-s-line-plans-to-launch-crypto-exchange-in-july-excludes-japanese-us-traders

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