Ripple’s expansion continues. The Saudi Arabian Al Rajhi Bank [Largest Islamic Bank] has just announced that it has run a successful trial using Ripple technology to transfer money from Saudi Arabia and Jordan between bank branches.
The firm behind the technology – Ripple, is a company with HQ in San Francisco that particularly works in financial solutions that banks and similar entities are finding very attractive to try out and implement. The work that Ripple delivers is based on blockchain tech, that finds use of a shared ledger to complete the transactions. That is why various financial giants want to be test it out as the network make sit possible for assets to move directly, freely and instantly which concludes with reduced cost and time.
Full article: https://ethereumworldnews.com/successful-ripple-trial-largest-saudi-arabian-bank-utilizing-crypto-solution/
Interesting article, would be nice to know if they were using the xCurrent or xRapid protocols? (xRapid uses the XRP token but xCurrent does not).
Either way it's great for Ripple adoption!
I would have to agree with you brother. It would be interesting to know... More and More Will get involved soon and then here comes mass adoption... To the moon!!!
Ripple is super good! I got my lambo from investing in Ripple! :) Took me like 2 weeks! Please read my story and #Hodl
How great 2018 will be! All aboard the 🚀!