In the end of 2018, UAE exchange, one of Finablr Network Brands, announced that it was planning to work with Ripple to launch cross-border remittances to Asia via blockchain by the first quarter of 2019.
Today, on February 10th, Finablr announced that its brands “UAE Exchange and Unimoni will partner with US startup Ripple to offer cross-border remittances to Thailand via blockchain“. Finablr partnered with Siam Commercial Bank, one of the largest banks in Thailand (and also a Ripple partner), to provide the service on RippleNet. It plans to expand the service to other countries.
Finablr network also includes Travelex, Xpress Money, Remit2India, Ditto and Swych. With 2 Finablr network brands joining Ripplenet perhaps more will follow in the near future.