Kuveyt Türk Bank is a Participation Bank established in 1989 to operate in accordance with terms set forth by the Council of Ministers’ Decree. Its total assets in 2018 were 74.8 billion TRY ($12.66 billion).

Its biggest shareholder is the Kuwait Finance House.

The KFH is a known Ripple customer and has been using Ripplenet for some time now, with transfers between the KFH and Ar Rajhi Bank in Saudi Arabia.

Kuveyt Turk seems to have also integrated xCurrent, according to mr. Talha Çakarthe, Senior Product Development Director. According to his LinkedIn profile, he has been working on an xCurrent integration since the beginning of 2019 as part of his work at Kuveyt Turk.

The only other Turkish Bank known to work with Ripple is AKBANK, using Ripplenet to send GBP to Santander UK.

If you would like to support XRParcade or help us run an XRPL validator, you can become a Patron on our Patreon group.

Liked it? Take a second to support XRPArcade on Patreon!
Categories: