Saudi Central Bank Teams Up with Ripple to Test Settlement Solution xCurrent
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Saudi Central Bank Teams Up with Ripple to Test Settlement Solution xCurrent
The Saudi central bank is set to carry out a test of Ripple’s settlement solution, xCurrent, in a bid to improve payments infrastructure and enables KSA’s banks to instantly settle cross-border payments with end-to-end tracking.
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The deal is another boost for Ripple’s expansion in the region, after it has signed foreign exchange giant UAE Exchange last week to use its blockchain technology to power real-time international payments. However, today’s agreement with the Saudi Arabian Monetary Authority (SAMA) means things are shifting into a higher gear.
SAMA will ... (read more)
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