Kuwait Chooses Ripple’s xRapid for Cross-Country Payments

  • Yuri Molchan
    📰 News

    Back in late May, Kuwait Finance House (KFH) was reported to join the Ripple network. However, the bank did not yet choose between xRapid and xCurrent


Kuwait Chooses Ripple’s xRapid for Cross-Country Payments

Back in late May, Kuwait Finance House (KFH) was reported to join the Ripple network. However, the bank did not yet choose between xRapid and xCurrent. Now the mind is made up, the bank is to go forward with xRapid for its cross-border operations.

KFH is the first local bank to start working in accordance with Sharia law and is also a member of the local stock exchange. KFH is also the first country’s institution to test Ripple-based DLT transaction, so now it plans to integrate the xRapid system for fast and secure transnational payments in the future.

However, Ripple does not confirm this report.

Cover image via u.today
The fastest way to get crypto news is to follow our Twitter. You won’t miss a thing! Subscribe.

About the author

Yuri has worked in crypto since 2017. A translator, quickly became a crypto enthusiast. He has worked for several Telegram channels covering cryptocurrencies. Currently is a news writer, covering crypto and blockchain-related topics.

👓 Recommended articles

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy

Cookie settings