The worldwide payment platform and foreign exchange operator, Finablr is based in the United Arab Emirates and has recently joined Ripple’s RippleNet blockchain network according to a press release posted yesterday (February 11th).
Finablr’s network brands, UAE Exchange and payment platform Unimoni will use the blockchain-based platform that Ripple have provided to follow through will real-time transactions to Thailand. In addition to this, the company has said that it plans to expand the services to other countries in the future.
As reported by CoinTelegraph:
“The first partner in the service major Thai bank, Siam Commercial Bank, letting UAE Exchange and Unimoni customers globally send money to Thailand. The bank has been working with RippleNet since September 2018, when it became the platform’s first financial institution to trial a key feature dubbed “multi-hop.”
The managing director of South Asia and MENA at Ripple Navin Gupta believes that joining a blockchain…
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