The National Bank of Kuwait (NBK) began using blockchain solutions from California-based startup Ripple to transfer funds to Jordan. However, whether it is a question of xCurrent and xRapid remains unknown.
For the first time in Kuwait: Send money instantly with NBK Direct Remit. Log in to NBK Online Banking using RippleNet's Blockchain technology. NBK Direct Remit is currently available for Jordan. https://t.co/hcxitTSnea pic.twitter.com/sARUJplZjd
– National Bank of Kuwait (@NBKPage) December 26, 2018
Take advantage of the new service can online banking customers of the NBK. As stated in the NBK, this offer is “an innovative, secure and reliable service in the field of money transfer”.
Note that in the future the NBK plans to make remittances using Ripple technology to other countries.
Recall that last year the Central Bank of Kuwait banned the banking sector and companies under the supervision of the regulator to trade Bitcoin.
Earlier, BlockchainJournal reported that the leading fintech company in Israel, GMT, uses Ripple technology.
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