Ripple Success!! The first cross border payment on Blockchain just Happened in the Middle East!
This explains Ripple's actions the last couple of days. The National Bank of Abu Dhabi (NBAD) is pleased to be the first Middle East bank to introduce real time cross border payments on Blockchain technology. The new channel is intended to facilitate regional customers with simple, real time and secure way to process their cross border payments within NBAD network.
With Ripple connectivity, NBAD aims to significantly progress the way cross border payments are made today by offering clear costs, improved delivery time and visibility into the transaction process – ultimately reducing the investment and resources required by our customers to send payments.
How much is a Ripple to SBD now?
I'm not sure why it matters but 1XRP= 0.16956 STEEM Backed Dollar (May 19th) however this gives me a great idea for another blog. Thank you :-)