Ripple based Remittance service launched in Kuwait

The National Bank of Kuwait (NBK), has launched a cross-border remittance solution based on Ripple blockchain technology. NBK, the largest privately held financial institutions in Kuwait will start with a remittance corridor to Jordan only, but will be extended to more countries in the near future with possibilities to reaching wherever the bank has presence including China, Geneva, London, Paris, New York, and Singapore, and regionally in Lebanon, Jordan, Egypt, Bahrain, Saudi Arabia, Iraq, Turkey and the UAE.

Sign In or Register to comment.