The Ripple Move From The Famous Bank
The world-famous bank has launched a payment system supported by Saudi British Bank (SABB) Ripple (XRP).
Banks are one of the most important building blocks of the world financial system and are increasingly known by crypto money. Ripple (XRP), the popular altcoin of the crypto money market , can be said to be one of the most frequently mentioned options in this regard. Saudi British Bank (SABB), operating all over the world , launched an XRP-supported payment system following its collaboration with Ripple. It is reported that the new system aims to deliver instant and low-cost value transfers on an international scale.
Among the active projects on the market, Ripple has made a lot of mention with its successful works . The XRP, which is on the road to delivering the advantages of crypto money to users all over the world, attracts the attention of the banks. SABB-initiated payment system supported by the XRP support.
SABB recently announced the system in question at the Financial Sector Conference held in Riyadh, the capital of Saudi Arabia. According to the bank officials, this system is part of ler developing the strategic plan for digital transformation and improving customer experience in this area Banka.
SABB draws attention to the network of Ripple and underlines the fact that they are among the first companies in Saudi Arabia to join the Ripple network. It is known that the Bank joined the network in January 2018. Ripple technology has the potential to embellish the dreams of many financial institutions.
According to Majed Najm, one of the leading officials of the bank, the Ripple-supported payment system, initiated by SABB, will make international payments much more advantageous. Thanks to this system, it will be possible to transfer value in a faster, cheaper and transparent way.