Ripple collaborates with QNB

Thursday 7 October 2021 13:16 CET | News

Qatar National Bank (QNB) has launched its global cross-border payment strategy with the release of a wire transfer service through a partnership with blockchain solution provider Ripple.

The bank has unveiled a wire transfer service. Both companies have signed an agreement that QNB will test RippleNet with QNB Finansbank in Turkey. After that, a group introduction will take place to enable transfers and payments in near real time for QNB customers in numerous countries and to later expand the Ripple technology to other transfer corridors. According to a Ripple representative, the partners plan to improve cross-border payments and scale QNB's transfer service to RippleNet into additional markets.

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Keywords: partnership, cross-border payments, payment processing, blockchain
Categories: Payments & Commerce | Mobile Payments
Countries: World
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Payments & Commerce

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