Morocco’s largest banking institution, Attijariwafa Bank, announced its partnership with Ripple. Thanks to the partnership, the bank will be able to make instant transactions with the customer. The partnership took place during the stagnant period when the SEC postponed case discovery to February 28. The XRP price did not move with the development. cryptocoin.com We provide the details of the partnership.
Ripple announces partnership with giant bank
Attijariwafa Bank, which has $53.3 billion in assets under its management, preferred Ripple’s Blockchain technology to perform instant transactions. Ripple’s banking partners include Santander, Bank of America, IndusInd Bank and Banco Rendimento. Attijariwafa Bank also announced its partnership with Thunes, a Singapore-based business-to-business (B2B) cross-border payment network. Sharing Ripple’s success, CEO Brad Garlinghouse states, “Ripple had its best year to date with On-Demand Liquidity using XRP as a bridge currency.” Ripple’s connections in the Middle East continue to strengthen…
XRP strengthens its connections in the Middle East
Ripple continues to cooperate with MENA countries. The Middle East has become the location of the struggling company due to legal troubles in the region. The National Bank of Kuwait launched a remittance service powered by XRP in late 2018. In May 2021, the National Bank of Egypt joined the RippleNet network. Ripple CEO Garlinghouse said in an October interview that the company is rapidly strengthening its connections in the Middle East. This came shortly after it announced a partnership with a Dubai-based foreign exchange firm called Al Ansari Exchange.
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