Ripple partners with National Commercial Bank

0
245
RippleNet live over 40 countries across six continents

Ripple partners with National Commercial Bank (NCB) there by opening up remittance payment corridors between the Saudi Arabia,US and Asian markets

  • Ripple is an American technology company which develops the Ripple payment protocol and exchange network
  • NCB Saudi Arabia is one of the largest financial institutions in the Middle East with more than 5.4 million customers worldwide
  • NCB will connect to other financial institutions around the world using Ripple’s blockchain technology provides customers with faster international payment services
  • The cryptocurrency exchange also revealed that NCB will first connect to financial institutions in North America and Asia, starting in Singapore
  • Ripple partners with SBI Remit,Siam Commercial Bank (SCB) to power real-time remittance payments for those Thai workers living in Japan
  • Thai workers can open an SBI Remit account online and then link it to a home account at SCB and once they receive an SBI card, they can visit an ATM to make a deposit that is sync to their Thai bank account in real time