Home / Ripple / Ripple ventures into the real world through the National Bank of Kuwait; Direct Remit for Jordan activated

Ripple ventures into the real world through the National Bank of Kuwait; Direct Remit for Jordan activated

According to a local newspaper called Alqabas, the National Bank of Kuwait [NBK] and the leading fintech blockfarm company, Ripple began to mutually benefit from the services provided by RippleNet. Now, the remittance service provided by NBK will have a dedicated login to RippleNet where the customer base will have access to the advanced functionality of the payment system supported by Ripple. At the moment, NBK Direct Remit is available for Jordan.

In the original announcement of NBK on Twitter, he stated:

"For the first time in Kuwait: send money instantly with NBK Direct Remit. Please log in to NBK Online Banking using RippleNet's Blockchain technology NBK Direct Remit is currently available for Jordan."

This is not the first victory touched by Ripple and XRP in 2018. Recently, the company released a series of discoveries in 2018 in which it discussed all its plants and achievements, either in the form of adoption or in the field of academics, research and development.

From charity to research, Ripple has excelled in all aspects this year. UBRI, which is the abbreviation of University Blockchain Research Initiative in which several large universities have participated in taking blockchain technology as possible. Some of them are UC Berkeley, Penn, Korea University, McCombs School of Business, UCL, Princeton University and many others.

On the other hand, to spread education and for the purpose of social development and financial inclusion, the blockchain society has also taken an initiative known as Ripple for Good. Ripple has recently canceled $ 25 million that offset over one hundred million to take the initiative forward. To achieve the expected results, the charity organization focuses mainly on STEM [Science, technology, engineering, mathematics].

XRPortugal, a Twitter handle dedicated to the Ripple and XRP ecosystem on the tweet commented:

"Are you using xRapid or xCurrent?"

Here, the bank replied by writing:

"Hello, please note that for money transfers we use a special system related to the bank and that is protected, thanks for contacting us"


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Priyamvada Singh

Priyamvada is a full-time journalist at AMBCrypto. A graduate in journalism and communication at Manipal University, she believes that blockchain technology is a revolutionary tool for advancing the future. Currently it has no value in cryptocurrencies.

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