Major Saudi Bank to Being Using RippleNet This Year

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Major Saudi Bank to Being Using RippleNet This Year

Postby kreslik.news » Sat Sep 15, 2018 1:53 pm


Ripple has announced a partnership with the National Commercial Bank of Saudi Arabia, the biggest bank in that country.

Road to Singapore

Under the terms of the deal, NCB will use RippleNet to connect to other financial institutions, facilitating a faster and more transparent international payment service for its customers.

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It will begin its connections in Singapore, and then focus on companies in Asia and North America. This is notable because customers of the NCB did have access to these regions previously.

The NCB, also known as AlAhli Bank, was founded in 1953 and is based in ... (read more)

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