Ripple Joins Singapore Central Bank's Project

Transforming Trade Settlements

On the 25th, Ripple announced its participation in 'Project BLOOM,' an initiative by the Monetary Authority of Singapore (MAS, the central bank).

In Project BLOOM, Ripple will collaborate with fintech company Unloq, targeting the supply chain sector, to revolutionize cross-border trade settlements. The goal of this participation is to develop a viable model for innovative and interoperable payment infrastructures in Singapore.

Project BLOOM aims to...