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Major Retail Saudi Bank Joins Ripple Network for International Payments

Major Retail Saudi Bank Joins Ripple Network for International Payments

The National Commercial Bank, Saudi Arabia’s first established bank, has become the latest financial institution to join RippleNet, Ripple’s enterprise blockchain network. A massive market for international remittances due to its sizable migrant worker population, the Kingdom of Saudi Arabia (KSA) has already seen its central bank pilot Ripple’s technology for instant international payments.

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