World – s Largest Islamic Bank Successfully Completes Ripple Blockchain Trial

World’s Largest Islamic Bank Successfully Completes Ripple Blockchain Trial

Hundreds of banks around the world are keeping an eye on Ripple’s technology. That is only normal, as swifter and cheaper transactions are fairly beneficial. Saudi Arabia’s largest bank recently ended its very first cross-border transfer using Ripple technology. Al Rajhi Bank is the world’s largest Islamic bank. This is another validation of Ripple’s technology, that much is evident.

It is fairly interesting to see so many banks explore Ripple technology right now. A lot of trials are coming to a successful end right now. More specifically, the world’s largest Islamic bank recently finished a trial using this particular blockchain. Cross-border money transfers can be made swifter and cheaper. Ripple aims to provide this technology to financial institutions all over the world. Having the world’s largest Islamic bank on board is a major validation for the blockchain service provider.

Ripple Makes Inroads in Islamic Finance

Money was transferred inbetween Al Rajhi Bank offices across Saudi Arabia and Jordan. The transfer took mere seconds to finish, and diminished fees to a nude minimum. It is unclear if the XRP token was involved in this trial, however. It is evident Ripple is on the radar of many banks around the globe. Successfully completing this trial will help Saudi Arabia digitize the customer banking practice even further.

More specifically, digitizing the banking practice will permit for quicker and cheaper transactions. Additionally, it will be provided a heightened level of accuracy. Al Rajhi Bank is working hard to embrace fresh technologies. Blockchain is on the top of the priority list right now. It is the technology of the future of digital banking, that much is evident. Using Ripple is fairly significant, to say the least. There are fairly a few blockchain service providers out there right now.

It shows up the world’s largest Islamic bank is fairly pleased with this Ripple trial. The Kingdom of Saudi Arabia may soon see mass adoption of Ripple’s ecosystem. Al Rajhi Bank runs over two hundred remittance centers across the country. If those were all to use Ripple – and potentially XRP – things can get fairly interesting. It will be interesting to see what happens next regarding this trial and future integration of blockchain technology.

About JP Buntinx

JP is a freelance copywriter and SEO writer who is sultry about various topics. The majority of his work concentrates on Bitcoin, blockchain, and financial technology. He is contributing to major news sites all over the world, including NewsBTC, The Merkle, Samsung Insights, and TransferGo.

World – s Largest Islamic Bank Successfully Completes Ripple Blockchain Trial

World’s Largest Islamic Bank Successfully Completes Ripple Blockchain Trial

Hundreds of banks around the world are keeping an eye on Ripple’s technology. That is only normal, as quicker and cheaper transactions are fairly beneficial. Saudi Arabia’s largest bank recently ended its very first cross-border transfer using Ripple technology. Al Rajhi Bank is the world’s largest Islamic bank. This is another validation of Ripple’s technology, that much is evident.

It is fairly interesting to see so many banks explore Ripple technology right now. A lot of trials are coming to a successful end right now. More specifically, the world’s largest Islamic bank recently ended a trial using this particular blockchain. Cross-border money transfers can be made swifter and cheaper. Ripple aims to provide this technology to financial institutions all over the world. Having the world’s largest Islamic bank on board is a major validation for the blockchain service provider.

Ripple Makes Inroads in Islamic Finance

Money was transferred inbetween Al Rajhi Bank offices across Saudi Arabia and Jordan. The transfer took mere seconds to accomplish, and diminished fees to a nude minimum. It is unclear if the XRP token was involved in this trial, tho’. It is evident Ripple is on the radar of many banks around the globe. Successfully completing this trial will help Saudi Arabia digitize the customer banking practice even further.

More specifically, digitizing the banking practice will permit for swifter and cheaper transactions. Additionally, it will be provided a heightened level of accuracy. Al Rajhi Bank is working hard to embrace fresh technologies. Blockchain is on the top of the priority list right now. It is the technology of the future of digital banking, that much is evident. Using Ripple is fairly significant, to say the least. There are fairly a few blockchain service providers out there right now.

It emerges the world’s largest Islamic bank is fairly pleased with this Ripple trial. The Kingdom of Saudi Arabia may soon see mass adoption of Ripple’s ecosystem. Al Rajhi Bank runs over two hundred remittance centers across the country. If those were all to use Ripple – and potentially XRP – things can get fairly interesting. It will be interesting to see what happens next regarding this trial and future integration of blockchain technology.

About JP Buntinx

JP is a freelance copywriter and SEO writer who is sultry about various topics. The majority of his work concentrates on Bitcoin, blockchain, and financial technology. He is contributing to major news sites all over the world, including NewsBTC, The Merkle, Samsung Insights, and TransferGo.

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