Ripple Partners With Saudi Central Bank For Cross-Border Payments

  • Alex Dovbnya
    📰 News


Ripple Partners With Saudi Central Bank For Cross-Border Payments

Ripple Labs today announced a pilot program with Saudi Arabia’s central bank, the Saudi Arabian Monetary Authority (SAMA). As part of this partnership, SAMA will use Ripple’s xCurrent technology to settle cross-border payments. According to Ripple Labs, SAMA’s use of xCurrent will allow “instant” settlement of cross-border transactions “with greater transparency and lower costs.”

Cover image via u.today
Subscribe to U.Today on Facebook, and get involved in all top daily cryptocurrency news, stories and price predictions!

About the author

👓 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