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Abu Dhabi Global Market and Ripple

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Thanks again @Leonidas excellent news, and I hadn't looked into Finablr, UAE Exchange and Unimoney much before this:


Finablr's UAE Exchange and Ripple begin blockchain payments service

Cross-border remittances using blockchain will start with Thailand and more countries are set to follow

"Finablr, the UAE-based payments and foreign exchange company, said its brands UAE Exchange and Unimoni will partner with US start-up Ripple to offer cross-border remittances to Thailand via blockchain."

"Finablr partnered with Siam Commercial Bank, one of the largest banks in Thailand, to provide the service on RippleNet, it said on Sunday. It plans to expand the service to other countries."

"The company, which is owned by Indian-born businessman BR Shetty, processed more than 150 million transactions in 2017 through its network that includes Xpress Money, Unimoni, Remit2India, Ditto and Swych.

"According to the World Bank, future remittances to low- and middle-income countries are expected to grow moderately by 4 per cent to reach $549bn in 2019. Global remittances are expected to grow 3.7 per cent to $715bn in 2019."


(bold emphasis is mine)


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