The Kuwait Finance House (KFH) has become the Arab nation’s first bank to join RippleNet, an enterprise blockchain network from industry giant Ripple, for international remittance payments.
In an announcement, the Kuwaiti bank confirmed its move to join RippleNet, a SWIFT-replacement global blockchain network that sees over 100 financial institutions including banks, payment providers, remittance operators and other financial institutions use the product for real-time clearing and settlement of international transactions.
