Payments Awards

Ripples in Middle East

Written by Mark Evans
13/02/2018

Abu Dhabi has entered a new partnership with the distributed ledger Ripple, with the UAE Exchange using the RippleNet product for cross-border transactions.

UAE Exchange is seeking to use the technology to give it an edge in the market for remittances. The UAE Exchange is the latest firm use Ripple, with household names such as Santander and MoneyGram having joined the party.