Tag Archives: Kuwait

[ad_1] Arab capitals / Anatolia The number of Corona virus deaths and infections increased in 6 Arab countries on Wednesday after new cases were recorded, according to official statistics. In Morocco, the Ministry of Health announced that the death toll had risen to 182, after a case was registered, while …

[ad_2][ad_1] Nearly seven months after Kuwait Finance House (KFH) announced its membership in RippleNet, the bank confirmed via Twitter that it had started providing immediate cross-border payments using Ripple technology. The exact Ripple technology used by KFH has not been clarified at the time of this writing. The announcement of …

[ad_2][ad_1] Announced on Twitter today, Kuwait Finance House or KFH is set to begin the operation of a cross-border instant remittance service using Ripple's underlying technology. KFH started to manage an instant cross-border remittance service using Ripple's blockchain technology. The "Instant International Transfer" service at zero rate is now available …

[ad_2][ad_1] On January 3, the National Bank of Kuwait [NBK] announced the launch of SWIFT's global payment innovation [gpi] using the ACI Worldwide payment engine integration features. NBK is the same bank that launched the national direct transfer service using RippleNet, where customers will have access to the payment function …

[ad_2][ad_1] Coinone Transfer, a subsidiary of the leading Korean cryptocurrant exchange company Coinone, has joined RippleNet and uses the cross-border payment solution from Ripple xCurrent. It is the first exchange of digital goods in Korea to collaborate with RippleNet. Separately the largest bank in Kuwait, the National Bank of Kuwait …

[ad_2][ad_1] Remittances are a big deal, especially in Asia and the Middle East. One of the main drawbacks at the moment, however, is the high cost and low speed of micropayment transfers based on traditional banking methods. The central bank of Kuwait seems to have found the answer, and it …

[ad_1] The National Bank of Kuwait (NBK) is officially the first financial institution in the country to adopt blockchain technologies as tools to improve its services and Ripple has become the first fintech to bring the blockchain into the world of Kuwaiti finance. In an official press release posted on …

[ad_2][ad_1] The National Bank of Kuwait has launched a product that they call "NBK Direct Remit", a blockchain-based product that uses RippleNet for cross-border payments within the Middle East nation. The initial launch of the product only supports payments to neighboring Jordan, but will soon be launched in at least …

[ad_1] The NBK is the acronym of National Bank of Kuwait, established in 1952. It is also the leading local bank and shareholder in the Persian Gulf area and Kuwait. Furthermore, NBK is the largest financial organization that incorporates an efficient market dominant position in the commercial banking market. The …

[ad_2][ad_1] The Wall Street Journal published an eye-opening article this week, citing how the major cryptocurrencies are traded with a high correlation to traditional raw materials and precious metals in the last week. The WSJ article cited the research data of Excalibur Pro Inc which claimed that the bitcoin was …