How Bitcoin Fits Into Lebanon’s Banking Crisis

Lebanon’s financial crisis has banks looking for alternative monetary policy and citizens scrambling for alternative banking services. The economic crisis has been raging for years, but political turmoil and the pandemic-induced global market downturn has raised fears of government defaults and the devaluation of the Lebanese pound. As a result, more Lebanese people are seeking […]

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UAE Bank Opens Bangladesh Remittance Corridor using Ripple’s Blockchain Tech

United Arab Emirates-based retail and business bank, RAKBank, is expanding its remittance routes using Ripple’s blockchain technology. Ripple, which provides distributed ledger payments products for financial institutions, was selected to help the UAE’s 9th largest bank provide quick cross-border payments in a new Bangladeshi corridor. A partnership, announced Sunday, between Bangladesh-based Bank Asia and RAKBank […]

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Thai Remittance Platform Starts Processing Ripple Payments

A Bangkok-based remittance platform has become the first non-banking institution in Thailand to use Ripple’s blockchain tech to process international payments. Ripple said Wednesday DeeMoney is now using RippleNet to process transactions in a move aimed to cut costs. Launched in 2018, DeeMoney provides same-day settlement services for Thai bank accounts. The company turned to […]

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Ripple Partner Gets Acquired For Undisclosed Sum

Ripple partner and global remittance player TerraPay has just been acquired for an undisclosed amount of money. The company also raised $9.6 million from Prime Ventures, IFC, and Partech Africa, for global expansion, as part of the acquisition deal. Will TerraPay bring XRP to millions of new global users? TerraPay is a local, regional and […]

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SBI Becomes RippleNet’s Leading Remittance Partner

Japanese remittance service SBI, has become Ripple’s primary partner to launch an xCurrent-backed remittance app named MoneyTap. SBI & Ripple will provide remittance services to Thailand, Vietnam, and other nations using a consortium of partner banks and Ripple’s xCurrent Distributed Ledger technology (DLT). SBI Holdings, Inc. Financial Results January 31, 2020 “SBI Remit’s transaction volume […]

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Intermex Partners With Ripple for XRP-Based Remittance Corridor

Ripple’s technology will form the basis of a new XRP-based remittance service from International Money Express (Intermex). Ripple announced Tuesday that it had partnered with Intermex, which will leverage RippleNet – a network of institutional payment providers using Ripple’s several payments solutions – to develop “faster, transparent cross-border remittance services” between the U.S. and Mexico. […]

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