• Latest
Kuwait Finance House Began Instant Remittance Service Using Ripple

Kuwait Finance House Began Instant Remittance Service Using Ripple

January 7, 2019
ygg sea surpasses 10,000 scholarships in just six months of launch

YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch

May 6, 2022
mintable launches industry changing gas free minting service on ethereum

Mintable Launches Industry Changing Gas Free Minting Service on Ethereum

May 1, 2022
5 projects enabling smart contract development on bitcoin

5 Projects Enabling Smart Contract Development on Bitcoin

April 29, 2022
bitcoin atm installed in mexico's senate building

Bitcoin ATM installed in Mexico’s Senate Building

April 27, 2022
cross chain services play a crucial role in facilitating continued adoption of defi applications

Cross-Chain Services Play a Crucial Role in Facilitating Continued Adoption of DeFi Applications

April 26, 2022
justin sun launches usdd, integrating the blockchain world and the real world with the decentralized stablecoin

Justin Sun Launches USDD, Integrating the Blockchain World and the Real World with the Decentralized Stablecoin

April 25, 2022
nfts: the next musical revolution

NFTs: The Next Musical Revolution

April 24, 2022
things you should know before investing in nfts

Things You Should Know Before Investing in NFTs

April 24, 2022
what are wrapped tokens?

What Are Wrapped Tokens?

April 23, 2022
what is the future of ethereum (eth)?

What is the future of Ethereum (ETH)?

April 22, 2022
green gaming

Everything You Need to Know About Play-to-Earn on Algorand in 2022

April 21, 2022
$ape going bananas as rumors of upcoming land sale of bayc metaverse gather momentum

$APE Going Bananas As Rumors of Upcoming Land Sale of BAYC Metaverse Gather Momentum

April 21, 2022
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
CoinNewsDaily
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining
No Result
View All Result
CoinNewsDaily
No Result
View All Result
Home Ripple

Kuwait Finance House Began Instant Remittance Service Using Ripple

coinnewsdaily by coinnewsdaily
January 7, 2019
in Ripple
0
Kuwait Finance House Began Instant Remittance Service Using Ripple
194
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

price analysis 4/20: btc, eth, bnb, xrp, sol, ada, luna, avax, doge, dot

Price analysis 4/20: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT

April 21, 2022
ripple claims ‘a very big win’ in sec case

Ripple claims ‘a very big win’ in SEC case

April 19, 2022

Announced on twitter today, Kuwait Finance House or KFH is set to begin the operation of an ‘instant cross-border remittance service using Ripple’s underlying technology.

KFH has started operating an instant cross-border remittance service using Ripple’s blockchain technology. The zero fees “Instant International Transfer” service is available now in Saudi Riyal SAR where customers can make remittance transactions to beneficiaries at Al Rajhi Bank

— Kuwait Finance House (@KFHGroup) January 6, 2019

KFH first appeared on the bulletin in late 2018 with the announcement of future plan to use RippleNet for international transfers. However, on January 07, 2019, it breaks out the mainstream by announcing that they are finally beginning the ‘financial operating’ employing Ripple’s blockchain.

Launched in 1977, Kuwait Finance House is the first Islamic bank in the state of Kuwait and the pioneer bank involving with blockchain era. The bank will have ‘zero fees instant international transfer service’ with Saudi’s fiat currency, Saudi Riyal (SAR) wherein customers can proceed remittance transactions to the beneficiary account at AL Rajhi Bank, the world’s largest Islamic bank by capital based on 2015 data.

Moreover, the team also revealed the expansion plan of the service;

This service will expand to encompass most of the world countries in different currencies. KFH customers can make instant and secure zero fees remittances through their accounts in https://t.co/MvlRltl6zx.

— Kuwait Finance House (@KFHGroup) January 6, 2019

Although it wasn’t confirmed whether the bank will choose xRapid or xCurrent or RippleNet in today’s announcement. However, it is important to note that the KFH in may 2018 has released a blog post wherein it has mentioned that the KFH will be the first bank to join RippleNet for cross-border instant payment.

Stay tuned with ripplecoinnews to know more about the KFH’s further decision

Ripple’s instant settlement procedure has already gotten the mainstream attention since last year. Not only Kuwait Finance House, but there are also endless global players in the list that are eyeing to adopt Ripple’s product and digital token, XRP.


Ads by Cointraffic



Credit: Source link

Share78Tweet49
Previous Post

Is the Window Closing on US Blockchain Leadership?

Next Post

Colorado Senators File Bill to Exempt Cryptos from Securities Laws

coinnewsdaily

coinnewsdaily

CoinNewsDaily.com is an online Crypto Coin News Website that aims to provide latest trendy news from market and around the world.

Related Posts

price analysis 4/20: btc, eth, bnb, xrp, sol, ada, luna, avax, doge, dot
Alt Coin

Price analysis 4/20: BTC, ETH, BNB, XRP, SOL, ADA, LUNA, AVAX, DOGE, DOT

April 21, 2022
ripple claims ‘a very big win’ in sec case
Ripple

Ripple claims ‘a very big win’ in SEC case

April 19, 2022
ripple’s case: how will it affect xrp’s 2022 price?
Ripple

Ripple case: How will it affect XRP 2022 price?

April 17, 2022
price analysis 4/11: btc, eth, bnb, sol, xrp, ada, luna, avax, dot, doge
Bitcoin

Price analysis 4/11: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

April 11, 2022
price analysis 4/6: btc, eth, bnb, sol, xrp, ada, luna, avax, dot, doge
Bitcoin

Price analysis 4/6: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

April 7, 2022
price analysis 4/4: btc, eth, bnb, sol, xrp, ada, luna, avax, dot, doge
Bitcoin

Price analysis 4/4: BTC, ETH, BNB, SOL, XRP, ADA, LUNA, AVAX, DOT, DOGE

April 4, 2022
Load More
Next Post
Colorado Senators File Bill to Exempt Cryptos from Securities Laws

Colorado Senators File Bill to Exempt Cryptos from Securities Laws

Categories

  • Alt Coin
  • Bitcoin
  • Business
  • Ethereum
  • ICO
  • Litecoin
  • Mining
  • NFT
  • Ripple
  • Tech
  • Trading

What New here?

  • YGG SEA Surpasses 10,000 Scholarships in Just Six Months of Launch
  • Mintable Launches Industry Changing Gas Free Minting Service on Ethereum
  • 5 Projects Enabling Smart Contract Development on Bitcoin

Subscribe to Get More!

Loading
  • About Us
  • Contact Us
  • Privacy & Policy

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

No Result
View All Result
  • Home
  • Coin Market Cap
  • Bitcoin
  • Ethereum
  • Ripple
  • Litecoin
  • Alt Coin
  • Business
  • Trading
  • Mining

© 2018-2021 CoinNewsDaily.com by CoinNewsDaily Inc. Crafted with Love by iFtiDev

  • bitcoinBitcoin(BTC)$20,049.00-1.43%
  • ethereumEthereum(ETH)$1,093.36-4.66%
  • tetherTether(USDT)$1.000.04%
  • binancecoinBNB(BNB)$219.02-4.08%
  • rippleXRP(XRP)$0.328943-3.27%
  • cardanoCardano(ADA)$0.461626-2.64%
  • SolanaSolana(SOL)$33.67-5.76%
  • dogecoinDogecoin(DOGE)$0.0683872.20%
  • polkadotPolkadot(DOT)$6.95-5.15%
  • daiDai(DAI)$1.00-0.09%
  • Shiba InuShiba Inu(SHIB)$0.000010-0.14%
  • tronTRON(TRX)$0.064518-2.76%
  • leo-tokenLEO Token(LEO)$5.912.89%
  • matic-networkPolygon(MATIC)$0.490275-4.76%
  • litecoinLitecoin(LTC)$53.200.61%
  • FTXFTX(FTT)$24.71-3.82%
  • OKBOKB(OKB)$12.233.81%
  • CronosCronos(CRO)$0.116522-3.19%
  • chainlinkChainlink(LINK)$6.19-2.92%
  • stellarStellar(XLM)$0.108765-5.46%
  • moneroMonero(XMR)$118.54-0.40%
  • cosmosCosmos Hub(ATOM)$7.26-1.54%
  • ethereum-classicEthereum Classic(ETC)$15.15-2.78%
  • algorandAlgorand(ALGO)$0.297498-5.58%
  • bitcoin-cashBitcoin Cash(BCH)$103.980.00%
  • vechainVeChain(VET)$0.022583-4.74%
  • Internet ComputerInternet Computer(ICP)$5.36-3.02%
  • tezosTezos(XTZ)$1.45-6.41%
  • filecoinFilecoin(FIL)$5.39-3.09%
  • theta-tokenTheta Network(THETA)$1.22-4.83%
  • ElrondElrond(EGLD)$49.39-5.60%
  • bitcoin-cash-svBitcoin SV(BSV)$56.70-1.47%
  • eosEOS(EOS)$0.93-2.12%
  • paxos-standardPax Dollar(USDP)$1.00-0.14%
  • AaveAave(AAVE)$58.78-3.72%
  • makerMaker(MKR)$908.38-4.72%
  • huobi-tokenHuobi(HT)$5.01-3.21%
  • iotaIOTA(MIOTA)$0.267449-3.71%
  • zcashZcash(ZEC)$56.96-4.52%
  • neoNEO(NEO)$8.54-5.03%
  • basic-attention-tokenBasic Attention(BAT)$0.3795690.13%
  • zilliqaZilliqa(ZIL)$0.039157-5.93%
  • havvenSynthetix Network(SNX)$2.36-8.78%
  • wavesWaves(WAVES)$5.29-2.70%
  • dashDash(DASH)$44.30-5.22%
  • PancakeSwapPancakeSwap(CAKE)$3.04-4.77%
  • KusamaKusama(KSM)$48.53-3.85%
  • nemNEM(XEM)$0.038899-3.73%
  • Elrond ERDElrond ERD(ERD)$0.0259290.00%
  • CompoundCompound(COMP)$49.543.92%
  • ethlendAave [OLD](LEND)$4.103.48%
  • qtumQtum(QTUM)$2.83-3.10%
  • bitcoin-goldBitcoin Gold(BTG)$16.09-2.61%
  • omisegoOMG Network(OMG)$1.84-2.08%
  • golemGolem(GLM)$0.240287-0.50%
  • SushiSushi(SUSHI)$1.04-5.27%
  • ontologyOntology(ONT)$0.228727-3.28%
  • yearn-financeyearn.finance(YFI)$5,516.07-3.90%
  • umaUMA(UMA)$2.54-3.12%
  • digibyteDigiByte(DGB)$0.009087-3.41%
  • UniswapUniswap(UNI)$2.4438.80%
Posting....