HSBC evaluating Ripple?

by | Jan 7, 2020

HSBC, one of the largest banks in the world by total assets, was always rumoured to have some sort of relationship with Ripple. Especially after SABB, a Riyadh-based Bank in which HSBC owns a minority stake, joined Ripplenet in January 2018.

Dillip Kumar, Bigdata and Google cloud Engineering/Lead Architect at HSBC, revealed through his LinkedIn profile that Ripple and Hyperledger are being evaluated for other use cases.

Question is, is mr. Kumar evaluating Ripple as an inventor or as part of his work at HSBC? It is also not clear if the statement “for other use case” means that Ripple and Hyperledger are already being used in a specific way. HSBC did mention Ripple and XRP in the past in a report on “Distributed Ledger Technology in the Capital Markets” and highlight XRP’s benefits.

We will continue to be on the look out for more links between HSBC and Ripple. One thing is for sure, Ripple seems to be attracting the attention of the right people.

Update 2020/1/09: The mention of Ripple has been removed from the profile of Dillip Kumar.

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