July 17: Boubyan Bank joins Ripplenet

by | Jul 26, 2019

Boubyan Bank is a Kuwaiti bank that was established in 2004 to practice all banking, financial and commercial activities in compliance with the provisions of the Noble Islamic Sharia.

According to a press release on July 17th, Boubyan Bank has partnered with Ripple to:

“Provide higher levels of technical services related to remittances to ensure greater speed and security and data integrity of the bank.”

As Abdullah Al Tuwaijri, Executive Vice President of the bank mentioned:

“We have signed the agreement with one of the world’s largest known cross-border remittance companies to give customers greater access to fast and easy remittance services. The idea is to provide round the clock access to money transferring services to the bank’s customers through various means of technology. Additionally, it will provide the service of instant transfers to limited countries, adding more along the line. The focus would be on countries that are involved in a high number of transfers from the bank’s customers”

The new agreement is currently awaiting the approval of the Central Bank of Kuwait.

Credit to XRP Research Center (@XrpCenter) for the find

Latest News

Ripple and XRP growing in Asia/Middle East. Unofficial Asia/Middle East map of RippleNet and ODL!

November 16, 2021
Ripple and XRP growing in Asia/Middle East. Unofficial Asia/Middle East map of RippleNet and ODL!

Ripple CTO hints at Bank of America XRP usage

November 14, 2021
Ripple CTO hints at Bank of America XRP usage

SEC and its double standards for crypto. Jed vs Ripple sales compared: shocking results

November 7, 2021
SEC and its double standards for crypto. Jed vs Ripple sales compared: shocking results

New Ripple product coming in 2022: Liquidity Hub

November 4, 2021
New Ripple product coming in 2022: Liquidity Hub. It will enable enterprise companies to easily and efficiently source digital assets from the broader crypto market, by leveraging smart order routing at optimized prices from MMs, exchanges, and OTC desks.

RippleNet committee member and Ripple partner acquires 51% stake in ODL partner exchange

November 3, 2021
RippleNet committee member and Ripple partner acquires 51% stake in ODL partner exchange