Ripple, Egypt's CIB to Revolutionize Cross-Border Payments
This move aligns with Ripple's broader strategy to ramp up operations in the U.S.
By Inc.Arabia Staff
The blockchain firm Ripple has forged a partnership with Egypt's Commercial International Bank (CIB) to enhance cross-border payments by harnessing Ripple's advanced technology and the digital currency XRP to elevate international remittance services.[1]
This move aligns with Ripple's broader strategy to ramp up operations in the US.
The integration of Ripple's technology by CIB is poised to enhance efficiency and dependability in international remittances.
Leveraging XRP for cross-border transactions, CIB aims to offer swifter, more secure, and cost-effective remittance services to its clientele.
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