Ripple partners with Saudi bank unit on blockchain payments, custody
Ripple has announced a partnership with the Saudi Arabian bank, Al Rajhi Bank, to enhance blockchain-based payment solutions and custody services. This collaboration aims to facilitate faster and more efficient cross-border transactions using Ripple's technology. Al Rajhi Bank, one of the largest Islamic banks in the world, will leverage Ripple's blockchain network to improve its payment infrastructure. The partnership underscores Ripple's ongoing efforts to expand its presence in the Middle East and strengthen its offerings in the financial sector.
Read the full article: Coin Telegraph