Ripple & UAE Exchange
The operator of money transfer UAE will use blockchain Ripple .
According to its own information Ripple, UAE Exchange, the largest operator of remittances in the middle East, will use the blockchain Ripple for payment processing worldwide, in real time.
Together with UAE Exchange, in the "RippleNet" consists of 100 countries and financial institutions, according to Ripple.
Dileep Rao, head of Department of infrastructural innovations Ripple, commented:
"We decided to focus on addressing inefficiencies in key corridors, where the cash flows are significant and growing. Adding ... UAE Exchange to RippleNet will provide instant... inexpensive payments to millions of retail customers in the UAE who ship money abroad."
We will remind, recently, the company MoneyGram international operator of financial markets, has also announced a partnership with Ripple.
In contrast to these positive news have Ripple upward trend and probably will continue to rise.
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