Saudi Central Bank Teams Up with Ripple to Test Settlement Solution ‎xCurrent

[kreslik.news]

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)