UAE Exchange Considering Ripple for Instant International Payments

Blockchain, FinTech | August 31, 2017 By:

UAE Exchange is in talks with blockchain firm Ripple for streamlining payments using blockchain technology.

UAE Exchange, one of the region’s earliest remittance operators with some 800 offices across 31 countries, is planning to introduce real-time cross-border payments. It believes that incorporating blockchain into its processes would help it cut the speed and cost of money transfers for its customers.