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A proposed bill on remittance insurances mentions Ripple and XRP as the newest developments in payment channels. Increased cross-border remittances have alerted US regulators to the opportunities for tracking and securing funds. Potential Future Platform for Significant Remittances Ripple’s XRP was mentioned in relation to cross-border payment systems in the proposed bill text. The pending action, a document on Remittance Transfers Under the Electronic Fund Transfer Act (Regulation E), is still in discussion until January
The post Ripple and XRP Mentioned in Official US Bill Proposal appeared first on Bitcoinist.com.
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