Ripple Signs a Massive Deal with UAE Exchange
Foreign exchange giant UAE Exchange has signed a deal with San Francisco fintech players Ripple on cross-border payments.
UAE Exchange is joining the startup’s RippleNet network, which uses blockchain technology to power real-time international payments.
UAE Exchange CEO Promoth Manghat said in a statement: “Incorporating Ripple’s blockchain technology into our payments systems will bring customers an enhanced, new payments experience.
“The early adoption of this game-changing technology allows us to offer a competitive service, as it will have an impact on the speed and cost of cross-border transactions.” Source