Ripple Announced That National Bank Of Fujairah PJSC (NBF) Will Be The Latest To Utilize RippleNet

[bitcoinisking]

National Bank of Fujairah PJSC (NBF), has just announced a partnership with Ripple and its plan to use RippleNet to pay for cross-border money transfers to Indian customers. The bank will also cooperate with Indian bank Indus Ind Bank.

n Ripple’s latest collaboration announcement, a cross-border payment startup announced that the National Bank of Fujairah PJSC (NBF) would be the latest company to use RippleNet.

The partnership will allow NBF customers to use RippleNet’s cross-border payment system for a cheaper, more transparent way to send money transfers to India. It will also facilitate faster and more trackable payments, resulting in an improved experience.

NBF, which is a Shariah-compliant bank, offers retail and commercial banking options to customers. They have 18 branches throughout the United Arab Emirates (UAE). NBF has a large customer base in India.

NBF’s CEO, Vince Cook, spoke a lot about the frictionless experience provided by leveraging digital technology and Blockchain. RippleNet will create a more efficient option for corporate customers to manage their finances.

He said:

“Digitization is still a key catalyst for change, and as the customer’s first bank, we understand the importance of leveraging Blockchain technology to provide seamless and frictionless experiences for customers. RippleNet will allow us to stimulate an enhanced payment experience that allows our business customers to manage their finances more effectively. We will always look for the next best for customers as part of their commitment to being the best financial partner for their business and personal needs.”

LINK: https://azcoinnews.com/ripple-announced-that-national-bank-of-fujairah-pjsc-nbf-will-be-the-latest-to-utilize-ripplenet.html

Edited March 3, 2020 by bitcoinisking