Saudi Arabia’s central bank has signed a Ripple blockchain deal for a pilot program to test Ripple’s software in payment settlements. This follows up on various deals Ripple signed recently with prominent money transfer firms around the world for its blockchain system.
>>Western Union Testing Transactions With Ripple
In a company statement, Ripple said this pilot program is “the first of its kind to be launched by a central bank”, and it will allow banks in Saudi Arabia to use Ripple’s software to instantly settle payments sent into and out of the country. The …
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