The crypto company behind the XRP token Ripplehas teamed up with Kuwait Finance House (KFH) to launch instant cross-border payment services. KFH praised the blockchain startup for its expertise in this field, while raising hopes that the collaboration will bring economic benefits to the Middle Eastern country.
Al-Ajeel, KFH’s digital transformation manager, announced that customers have completed more than 150 million digital banking transactions through the organization’s online application by the end of Q3 2023. He also outlined the organization’s intention to pursue other key trends in innovation such as Artificial Intelligence (AI).
Ripple has signed two more important deals in the past few weeks. The National Bank of Georgia (NBG) has selected the company to lead its central bank digital currency (CBDC) efforts.
“After a thorough review of all shortlisted parties, we were pleased to select Ripple as the official technology partner for our Digital Lari (GEL) pilot project,” said Natia Turnava, a member of the financial institution.
Additionally, Ripple has expanded into the Middle East, where the Dubai Financial Services Authority (DFSA) has approved XRP for use in the Dubai International Financial Center (DIFC).
The above-mentioned partnerships cryptocurrency The overall bullish state of the market and the positive developments surrounding the lawsuit between Ripple and the US SEC may be among the leading factors triggering a price rally for XRP.
Koinfinans.com As we reported, the asset recently reached a new three-month high above $0.73. Some analysts suggested that the increase could continue in the coming months. It has also surpassed BNB to become the fourth largest crypto asset in terms of market cap.