Giant Islamic Bank Now Using Ripple

For Instant Cross-Border Remittance Service, Ripple, the company behind XRP has made yet another massive stride in adoption. One of the largest Islamic banks in the world, Kuwait Finance House (KFH), has recently announced the launch of Ripple’s instant cross-border remittance service.

The bank will be using Ripple’s sophisticated blockchain technology to process international payments for their customers in Saudi Riyal (SAR) to beneficiaries at Al Rajhi Bank.

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