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It could be possible for Ripple to work with the World Bank in order to launch a cross-border remittance with blockchain in Asia. The information was released by the user of Twitter Digital Nomad in a photo taken from a physical journal.
This suggests that previous rumors about the collaboration between the World Bank and Ripple could only be real.
The article uploaded by Digital Nomad reads as follows:
"The World Bank has partnered with Ripple to launch cross-border blockchain remittances to Asia by the first quarter of 2019, according to Reuters on December 14th."
I found this. I wonder if his true thought pic.twitter.com/GUVOMm1Jlo
– Digital Nomad ⚡🎢 (@ DigitalNomad14) December 14, 2018
This could be really positive for XRP and Ripple as a whole. The XRP was influenced by a downward trend that occurred in the entire cryptocurrency market. From its historical maximum, virtual currency has lost more than 90% of its value.
However, over the course of this year, Ripple has worked with several companies around the world to improve cross-border payments between companies and businesses.
In the Reuters article mentioned by the post of Digital Nomad, United Arab Emirates and Ripple based in the United Arab Emirates will launch cross-border remittances in Asia during the first quarter of 2019.
At the moment, RippleNet has more than 100 members including financial institutions and other banks in different countries. Other Asian companies such as the national bank of Ras Al Khaimah and Kuwait Finance House are also part of Ripple Net.
At the time of writing this article, XRP is the second largest virtual currency on the market. Each currency can be purchased for less than $ 0.3 and has a market capitalization of $ 11.9 billion.
https://twitter.com/DigitalNomad14/status/1073511015822675968/photo/1
https://twitter.com/xenzor1/status/1073018777548185605
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