Distributed ledger technology giant Ripple has partnered with Qatar National Bank (QNB) to launch a new remittance service. The announcement is expected to ignite the XRP price. Leonidas on Twitter said he was doing research on the subject and it was more than just news. Meanwhile, both parties signed an agreement stating that QNB will try RippleNet with QNB Finansbank in Turkey.
QNB and Ripple partnered to develop Global Cross-border payments. I did some research and there is more to this story.
Ripple joins forces with QNB
Qatar’s national bank is the largest banking institution in Africa and the MENA region. It has now started a collaboration with Ripple fintech provider from San Francisco as it plans to implement a global strategy to increase international payments and launch a new remittance platform based on Ripple technology.
Both parties signed an agreement stating that QNB will try RippleNet with QNB Finansbank in Turkey. After that, a group rollout will take place to provide near real-time remittances and payments to QNB customers in multiple countries and then add Ripple’s technology to other remittance corridors. According to Heba Al Tamimi, Head of Retail Banking Group of QNB, the bank is always trying to offer the best innovation to its customers, and the deal with Ripple is another innovative step taken by QNB to offer the best products to its customers.
How did the news of the partnership affect the XRP price?
There are multiple positive developments for XRP today. cryptocoin.com You can reach the FED – Ripple (XRP) news that we conveyed during the day here. XRP price was trading around $1.05 when the news of the day first started to spread. It has now increased its weekly gains by over 15% and with Bitcoin trading above $50,000, Ripple recorded an intraday high of $1.08. At the time of writing, it was struggling with a little selling pressure on the hourly timeframe…
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.