Major Islamic Bank Inks Deal with Ripple for Cross-border Payments

Ripple (XRP), the third largest cryptocurrency by market cap, has received another tailwind of positive news in the form of adoption by one of the high profile banks in the Middle East, Kuwait House of Finance. The bank said that it would use Ripple’s technology to process international payments for its customers. The bank said…

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Ripple Partners with National Bank of Kuwait Closing Out the Year

Photo: Can Pac Swire / Flickr The service is launching with a remittance corridor to Jordan only, but is expected to expand to more countries in the near future, the bank said in a statement. NBK has a presence in China, Geneva, London, Paris, New York, and Singapore, and regionally in Lebanon, Jordan, Egypt, Bahrain,…

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Blockchain Cross-Border Payments Service Launched By National Bank Of Kuwait

The National Bank of Kuwait (NBK) has rolled out a new blockchain-based service for instantaneous money transfers. The NBK was incorporated in 1952 as the first local bank and the first shareholding company in Kuwait and the Persian Gulf region. NBK, which is the largest financial institution in Kuwait with effective market dominance in the…

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Xpring Could Give Wider Adoption of XRP than xRapid and xCurrent

In recent times, there has been high concentration on the effect that xCurrent and xRapid will bring to the world banking system and mode of online payments. This two products by Ripple have actually increased XRP adoption. However, one of the products that could have more effects on Rapid adoption of XRP which was launched…

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Ripple’s Market Cap Nears that of Ethereum

Ripple’s explosive bull run culminates with a market cap of $19 billion, a 47% increase since the start of the day. The third most popular cryptocurrency, Ripple (XRP), experienced an impressive bull run. According to data from coinmarketcap.com, XRP prices skyrocketed to $0.48, a 47% increase over the $0.32 at the start of the day….

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Ripple Shalt Not Go Gentle Into That Good Night: xCurrent Goes Consumer in Japan As xRapid Seeks Banking Partners

Ripple Labs and CEO Brad Garlinghouse are on a double offensive after, by their standards, a headline-lacking month. SBI Holdings, a Tokyo-based partner of the San Francisco-based fintech startup, is set to launch mobile payments app MoneyTap in Japan. Meanwhile, the company is pursuing an expansion of the use of Ripple XRP among banks–an expansion…

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