Major Pakistan Bank Partners With Ripple To Facilitate Remittances From UAE

The case for crypto in developing countries is getting stronger. This is due to the newest development from the United Arab Emirates. UAE's financial services provider LuLu Exchange has partnered with Pakistan's leading Alfalah bank to facilitate remittances - with Ripple. Specifically, to aim of the partnership is to facilitate remittances from UAE to Pakistan. Cross-border payments are one of Ripple’s primary use cases. Blockchain tech could now benefit the 1.5 million Pakistanis who live in the UAE. Ripple network could…

KFH Launches Cross-border Payment Services on RippleNet

Kuwait Financial House (KFH) has launched a cross-border payment service using RippleNet technology. This, according to the bank is part of its commitment towards adopting the latest financial technology to enhance customer banking experience.  As per the report, the cross-border payment service was developed to perform instant transfers to KFH-Turkey. KFH revealed that customers would be able to perform instant transfers to Turkey with zero transaction fees. Besides, KFH also plans to roll out the payment service to other countries…

Ripple Is Thriving In South Korea Amid Its Legal Woes

Crypto data aggregator and research platform, Messari said that BTC & XRP are South Korea's most famous holdings.  The research derives its data from Bithumb, Coinone, and Corbit from the financial year 2019.  Ripple, the San Francisco-based blockchain service provider, has had a record-breaking 2020 with significant RippleNet transactions growth. The technology firm also reported the signing of 15 new RippleNet customers to close out 2020 despite the SEC's lawsuit. Ripple's CEO, Brad Garlinghouse, recently said  RippleX has now reached…

Ripple (XRP) Up 25% in 24 hours; Surpasses $0.50 mark

Ripple (XRP) has joined the bullish run that has engulfed the crypto market since October. The popular altcoin peaked today at $0.53, its highest price since 2019. It is also the best performing major crypto asset of the week, with a price rise of 83% during this period. Ripple Experiencing A Renaissance The recent bullish trend for Ripple has been remarkable and shows that the coin is gaining relevance among traders. Ripple began the past week, struggling within the $0.3…

BTC Markets CEO Says the Use of XRP for Cross-Border Payments is Increasing

More firms are now using Ripple and XRP to send money across borders. This information was revealed by Ripple's team on May 7, 2020. According to the team, BTC Markets added XRP to its exchange in 2018. Since then, the cryptocurrency asset has been able to bring more sustainable growth for the biggest exchange in Australia, being a source of liquidity for faster and cheaper cross-border payments. Towards the end of 2019, the exchange became a partner with Ripple and applied for…

NIUM of RippleNet Launches Services into China

An official press release by RippleNet member and fintech platform NIUM announced a partnership with a payment technology firm known as Geoswift. The purpose of the partnership is connecting China to the world. That is, NIUM users will be able to leverage RippleNet for money remittances into China. Fourteen banks in China will also enjoy real-time services. Among them are Bank of China, Bank of Shanghai, and the Industrial and Commercial Bank of China. Likewise, the partnership avails consumers and businesses the opportunity to…

Ripple Expands its Capabilities with New Product – RippleNet

Over the years, Ripple has grown prominently within the cryptocurrency space. In a nutshell, Ripple is a payment procedure that facilitates fast, frictionless cross-border payments with minimal fees. It operates on a series of servers regularly communicating while maintaining a distributed ledger with an updated state of balances and transactions. The cryptocurrency giant hosts a native asset, XRP, which rebranded in late 2018 from the name Ripple. XRP acts as the chief medium for transferring value over the network. Ripple…

DeeMoney Taps Ripple To Bring Thailand Faster, Affordable Cross-Border Remittances

A Thai Fintech company, DeeMoney is partnering with Blockchain remittance firm Ripple to bring its users faster and cheaper cross-border money transfers. The collaboration will see DeeMoney use RippleNet to facilitate international payments coming into Thailand. The company handles transactions between Thailand and its key remittance corridors of South Korea, Singapore, Indonesia, Israel, The Middle East, and the Gulf regions. Same-day Settlements Additionally, DeeMoney will carry out same-day settlements to Thai bank accounts, making it every cross border remittance company's…

Ripple Partners with NBF for Cross-Border Payments via RippleNet

On the 2n of March 2020, the National Bank of Fujairah (NBF) announced its partnership with Ripple, a leading blockchain remittance company. The deal aims at allowing seamless cross-border payments through the RippleNet platform. Additionally, RippleNet will enable NBF’s customers to conduct and secure real-time payments with clear end to end tracking of transactions. Vince Cook, the National Bank of Fujairah CEO, noted that banks have to act with agility and look for new and improved methods to provide services…

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