New Strategic Partnership for Ripple
Ripple announced an important cooperation with Kuwait Finance House in the field of providing cross-border payment services.
Positive news continues for the Ripple Company, as we reported earlier on Arab Bitcoin about the selection of the Ripple Company by the National Bank of Georgia to participate in the digital currency project, in addition to the company obtaining the approval of the regulatory authorities in the Emirate of Dubai.
Kuwait Finance House announced the implementation of more than 150 million digital transactions, and plans to integrate more innovative technologies, including employing artificial intelligence.
XRP is witnessing a significant rise, reaching its highest level in three months, making it ranked fourth as the largest cryptocurrency in terms of market capitalization.
Ripple has collaborated with Kuwait Finance House (KFH) to provide instant cross-border payment services.
Kuwait Finance House expressed its admiration for Ripple's experience in the field of financial technology, which opens promising horizons for economic cooperation in the Middle East region.
The Executive Director of Digital Transformation at Kuwait Finance House, Mr. Al-Ajeel, announced that customers had conducted more than 150 million digital banking transactions through the entity’s electronic application by the end of the third quarter of 2023.
They also expressed their intention to keep pace with other major technical developments, including exploiting artificial intelligence (AI) technologies.
In the context of its expansion, Ripple expanded its activity to include the Middle East region, where the Dubai Financial Services Authority (DFSA) approved the use of the cryptocurrency XRP within the Dubai International Financial Center (DIFC).
