Ripple and the Arab stock exchange have decided to work together on Ripple's Blockchain technology to strengthen real-time payments.
With this agreement, the United Arab Emirates stock market participated in RippleNet, which has a corporate Blockchain network with more than 100 banks and financial institutions. It offers real-time messaging, banking transactions and financial transaction solutions for payment partners.
BAE Exchange CEO, Promoth Manghat, said:
Early adoption of the changing technology of this game will enable us to offer a competitive service as it will affect the speed and cost of real-time operations.
Ripple and the Arab stock market are constantly getting new things
Both companies are also active in other places.
A few days ago it turned out that the United Arab Emirates stock exchange was one of the names of an electronic consortium that recognized the customer service program in the United Arab Emirates.
Ripple is busy all the time. A few days ago, Hong Kong-based LianLian International chose the xCurrent Blockchain solution to make real-time cross-border payments to China.
In addition, Forbes released a "Crypto Rich List". It was a compilation of the 20 richest cryptographers. Chris Larsen, founder of Ripple, had a caretaker in January 2018, approaching 5.2 billion XRP, or $ 20 billion.
