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ashaan
2 months

Kuwait Central Bank Taps Ripple for Blockchain Remittance ServiceThe National Bank of Kuwait has launched a product they’re calling “NBK Direct Remit,” a blockchain-based product which uses RippleNet for cross-border payments from within the Middle Eastern nation.

The initial launch of the product only supports payments to nearby Jordan, but they intend to launch in at least 15 more countries soon. According to the bank’s website, this product will help preserve NBK’s dominance as the country’s primary way of moving money:

Focused on digital transformation, NBK has previously launched successful and innovative products that serve different segments, including the NBK Tap & Pay, QuickPay, NBK SelfiePay, cardless cash withdrawal, Biometric Cards, in addition to the continuous enhancements to the NBK Mobile Banking App and other services that make our customer’s banking experience an enjoyable one.

Photo #1 from Faisalabad, Pakistan by ashaan made on 2018-12-30 04:28 for Sola
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