He said Ripple
was planning to invest in startups and technology companies to develop more users for XRP, its popular crypto-asset; however, he declined to name any of the companies Ripple
has in mind.
Yet the actual digital asset associated with Ripple
Labs is formally called XRP.
This will allow Saudi banks to make faster, cheaper and more transparent cross-border transactions, Ripple
said, adding that the central bank would provide training to Saudi banks interested in the program.
and the Saudi central bank have created a programme to provide support to Saudi banks to use xCurrent, Ripple
's enterprise software solution that enables banks to instantly settle cross-border payments with end-to-end tracking, Ripple
said in a statement posted on its website.
Dilip Rao, global head, Infrastructure Innovation, Ripple
, said, 'We chose to focus on solving inefficiencies in key corridors where payment flows are significant and growing.
Adding a market leader like UAE Exchange to RippleNet will bring instant, certain, low-cost payments to the millions of retail customers in the UAE who send money abroad," said Dilip Rao, Global Head, Infrastructure Innovation, Ripple
network was launched back in 2012, but unlike Bitcoin, XPR tokens were never mined and were simply issued by the company (100 billion tokens).
According to CNN, Ripple
differentiates itself from other digital currency platforms by its connections to legitimate banks.
They compared their findings to a time-varying ripple
geometric model and discovered that contrary to the models' prediction of the ripples
getting smaller as a storm weakens, the algorithm indicated that the ripples
froze in their tallest forms when the storm reached its peak energy.
CGI is at the forefront of payments modernization, and our partnership with Ripple
provides added value to our clients, said Pamela Smith, Vice-President of CGIs Financial Solutions Group.
Critique: Deftly written and ultimately inspiring, "Choices: The Ripple
Effect" is unreservedly recommended reading for all members of the Christian community regardless of their denominational affiliation.
employs economically minded experts to actively manage and trade recruitment pay-per-click and pay-per-lead media buys.