This article was first published on: Insights – Ripple --
First to use Ripple in the Middle East: National Bank of Abu Dhabi. Image: Shutterstock
Today, we’re proud to announce that The National Bank of Abu Dhabi (NBAD) has become the first bank in the Middle East to use Ripple’s solution to provide real-time cross-border payments to its customers.
Through Ripple, NBAD customers have an efficient, secure and reliable channel to make immediate international remittances and payments between regional markets. Applied to NBAD’s already innovative remittance infrastructure, the Ripple solution offers customers end-to-end visibility of transactions and allow for the instant transfer of funds to a beneficiary in a cost-effective manner.
Ramana Kumar, Managing Director & Head of GTB Business and Product Management, said: “At NBAD we strive to ensure our offerings are efficient and transparent. Blockchain technology transforms and paves a new way in achieving our goals and better serve our customers, adding value through accessibility and tran...
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