The company Ripple today signed a new partnership agreement, this time with the Agency, money circulation in Saudi Arabia. They will launch the pilot, which will allow you to see what banks in the region use Ripple for instant payments. The system also will allow the banks to make transactions using Ripple xCurrent.
– SAMA is the first Central Bank that promotes such a resource the country’s banks wishing to enable instant payments, an innovative solution using Ripple, – said the head of the innovation infrastructure Ripple, Dileep RAO. Central banks around the world tend to use the blockchain, recognizing that they can transform cross-border payments that will reduce barriers to trade both for corporations and for consumers.
We will remind, several days earlier the company Ripple has also signed an agreement with UAE Exchange, one of the largest operators in remittances in the middle East in foreign currency. Also to use RippleNet joined the Chinese company LianLian.
Additionally, today confirmed the details of the partnership Ripple and Western Union.
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