Home Blockchain News A $50 Billion Banking Giant Launches International Payments with Ripple’s XRP

A $50 Billion Banking Giant Launches International Payments with Ripple’s XRP

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By CCN.com: At the Financial Sector Conference on April 24, Saudi British Bank (SABB) announced the launch of its Instant Cross-Border Transfer Service, a payments infrastructure based on the Ripple blockchain network that utilizes crypto asset XRP for liquidity. With nearly $50 billion in assets, SABB initially joined the Ripple network in January 2018 with the support of the Saudi Arabian Monetary Authority (SAMA) to use emerging technology in the blockchain to process payments. The bank said that it conducted its first pilot transaction on the Ripple blockchain network later that year in December, continuing to collaborate with Ripple to

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* First published on ccn.com

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