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Al Rajhi Bank Completes Transaction Using Blockchain Technology - Ripple

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wow nice find!

didn't see this on social media yet 

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Al Rajhi Bank (ARB), the world’s largest Islamic Bank, has completed a secure, cross-border money transfer using Ripple Blockchain Technology. This successful transaction marks the first time the technology has been used in Saudi Arabia.
The Kingdom of Saudi Arabia is the 2nd leading country for remittance in the world. Al Rajhi Bank specifically is the leading bank in the region for remittances, with over 200 remittance centres across the Kingdom. The Bank is working closely with the Saudi Arabian Monetary Agency to make such technologies widely available to its retail and corporate customers.
http://www.alrajhibank.com.sa/en/media-centre/news/pages/blockchain.aspx
To my knowledge not been posted sofar....

Wow... Great news

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More coverage! 

http://www.livebitcoinnews.com/worlds-largest-islamic-bank-successfully-completes-ripple-blockchain-trial/ 

Quote

It appears the world’s largest Islamic bank is quite pleased with this Ripple trial. The Kingdom of Saudi Arabia may soon see mass adoption of Ripple’s ecosystem. Al Rajhi Bank runs over 200 remittance centers across the country. If those were all to use Ripple – and potentially XRP – things can get quite interesting.

And this article brought to you courtesy of JP Buntinx!  :yes3:

 

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