Saudi Central Bank to Test Ripple Payments Tech

Source : Saudi Central Bank to Test Ripple Payments Tech
Distributed startup has struck a deal with Saudi Arabia’s on a pilot program that will see banks in the country trial the company’s tech. Announced today , the pilot with the Saudi Arabian Monetary Authority marks the second to work with the startup, coming after the Bank of England, the U.K.’s , began working with last year. Word of the latest deal first emerged earlier this week following comments from CEO Brad Garlinghouse at the Blockchain Connect Conference in San Francisco. “This ground-breaking pilot program is the first of its kind to be launched by a . Participating banks from the [Kingdom of Saudi Arabia] will use xCurrent to instantly settle payments sent into and out of the country, with greater transparency and lower costs,” said. That the banks in Saudi Arabia would look to pilot xCurrent is perhaps unsurprising given recent interest in the product by other notable financial institutions. Earlier this month, reported that is in the process of rolling out a mobile payments app that uses the xCurrent tech (which does not rely on ’s XRP token), with Spain, Brazil, the U.K. and Poland serving as […]
The post Saudi to Test Payments Tech appeared first on Bitcoin Wiki.

Follow :

Laisser un commentaire

Do NOT follow this link or you will be banned from the site!