Ripple’s Head of Infrastructure Innovation Talks About Adoption of Ripple Technology in MENA Region

Ripple’s Head of Infrastructure Innovation Talks About Adoption of Ripple Technology in MENA Region
фото показано с : blokt.com

2019-1-14 19:29

Ripple’s Head of Infrastructure Innovation Dilip Rao recently talked about the importance of the MENA region for the company.

He said that the Middle East and North Africa is adopting DLT solutions from Ripple, claiming that the region is the fastest adopter of the company’s technology.

Growing Interest in Ripple

Rao said that the MENA region is “fastest adopter of technology from Ripple to date.”

He talked about signing up banks in Saudi Arabia and UAE and other countries like Oman and Kuwait.

He also noted that the central banks and regulators are positive about the technology.

Rao said:

“The enthusiasm of the regulator, the central banks to also encourage the use of Ripple technology to build new infrastructure for payment rails.”

He noted further that the technology is not only being used for domestic payments but also cross-border settlements.

Banks Cozy up to Ripple

During the Global Islamic Economic Summit in Dubai in October last year, Ripple announced that they were looking forward to expanding to the Middle East and setting up an office in Dubai.

At the time, Rao noted that the countries in this region are more open-minded and less attached to their legacy systems. The attachment to legacy systems in the west lead to slow innovation.

However, most recently, the company found a major breakthrough as Euro Exim Bank announced that it would use Ripple’s XRP and xRapid to solve visibility and liquidity problems in global remittances.

XRP will be used as a bridge asset over the network to transfer funds across borders.

The bank’s head of compliance and operations Graham Bright said that they are interested in creating a platform that caters to their clients which come from over 80 different countries.

Note that Ripple offers two payment products built on blockchain- xCurrent and xRapid. Of these, the former doesn’t depend on the XRP cryptocurrency.

Ripple’s Head of Infrastructure Innovation Talks About Adoption of Ripple Technology in MENA Region was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.5216 (+0.40%)
Объем 24H $1.054b
Изменеия 24h: 0.94 %, 7d: -2.08 %
Cегодня L: $0.5126 - H: $0.5222
Капитализация $28.923b Rank 7
Цена в час новости $ 0.3313 (57.44%)

ripple region mena head innovation infrastructure technology

Источник: blokt.com

ripple region → Результатов: 20


Фото:

Ripple CEO Brad Garlinghouse Speaks About Blockchain Use in ASEAN at Singapore Fintech Festival

Ripple CEO Brad Garlinghouse talked about the opportunities for digital assets and blockchain technology in the ASEAN region. Speaking with IMF’s Deputy General Counsel Ross Leckow, Garlinghouse noted on Monday that the unique regulatory frameworks of the region could help in the creation of game-changing technology that will change the future of global payments.

2018-11-13 18:29


Ripple’s Brad Garlinghouse: Regulatory Clarity Drives Crypto and Blockchain Adoption

Ripple’s CEO, Brad Garlinghouse, recently sat down for a chat with IMF’s Deputy General Counsel Ross Leckow. The conversation took place at Monday’s Singapore Fintech Festival. In the dialogue, the two exchanged ideas on the opportunities that blockchain technology and digital assets provide for the financial institutions in the ASEAN (Association of Southeast Asian Nations) region.

2018-11-13 11:31


Фото:

Blockchain and Digital Asset Use in ASEAN: CEO Brad Garlinghouse in Convo with IMF’s Ross Leckow at Singapore Fintech Festival

CEO Brad Garlinghouse sat down with IMF’s Deputy General Counsel Ross Leckow for a fireside chat on Monday afternoon at the Singapore Fintech Festival. They engaged in a far-reaching dialogue on the opportunities blockchain and digital asset technology presents for financial institutions in ASEAN, given the the region’s unique regulatory frameworks.

2018-11-13 04:04


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Lisbon Blockchain Conference to feature elite pitching event for crypto startups

The upcoming Lisbon Blockchain Conference is gearing up to offer founders an avenue to pitch their startups to potential investors. In an April 22 statement, the conference organizers said one of the side events will be a “closed door” pitching competition, allowing crypto startups to showcase their ideas to potential investors.

Bitcoin to hit 1 billion users by 2025? Market expert gives his insight

Raoul Pal compares crypto adoption with internet adoption. Solana's rise in the previous market cycle underscores the importance of adoption. The ongoing crypto bloodbath has sent shockwavesThe post Bitcoin to hit 1 billion users by 2025? Market expert gives his insight appeared first on AMBCrypto.

Суд США отказался признать вторичные продажи активов на Coinbase торговлей ценными бумагами

Второй окружной апелляционный суд США на Манхэттене отклонил иск клиентов американской криптобиржи Coinbase, требовавших отмены собственных транзакций и финансовой компенсации за продажу незарегистрированных ценных бумаг.