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Application of Ripple-Based Instant Transboundary Payments from Saudi Arabia

Suudi Arabistan'dan Ripple Bazlı Anında Sınır Ötesi Ödemeler Uygulaması

 

Saudi Arabia's Third Largest Bank

The ripple-backed instant cross-border pay is now in practice for the pilot.

Saudi British Bank (SABB); He says Ripple's technology is one of the three banks that stand out from the central bank of the country. According to Ghada Al Jarbou, the head of the company's global liquidity and cash management, SABB is trying to offer its customers instant international payments as soon as possible.

Ir Saudi Arabia is one of the largest remittances markets in the world. The focus is therefore on improving cross-border payments, making them cheaper and faster for our corporate customers. The central bank works on local instant payments proposals and real-time cross-border transactions with the UAE cryptocurrency We're willing to offer instant payments on a global scale as soon as we're investigating the possibility of using it. kullanarak

Dilep Rao, Ripple's global infrastructure innovation head, said Ripple rapidly expanded its presence in the Middle East and targeted the region as a priority for early adoption of blockchain based payment solutions.

Suudi Arabistan'dan Ripple Bazlı Anında Sınır Ötesi Ödemeler Uygulaması

Application of Ripple-Based Instant Transboundary Payments from Saudi Arabia

Yan We should sign up to 200 financial institutions, many of them from this region of the world. Now we have three banks in Saudi Arabia, three in Arabia, two in Kuwait, one in Bahrain, one in Oman and one in the UAE. And this is really the fastest growing market place. Ve

SABB, so far, Ripple's blockchain-based payment solution xCurrent or XRP supported payment product did not clarify whether it planned to use xRapid.

Source: Dailyhodl

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Industry News

SEC Accuses 5 Insiders of BitConnect for Illegal Promotion

SEC, Yasadışı Tanıtım’dan BitConnect İçerisinden 5 Kişiyi Suçladı

About the five people at BitConnect SECIt said it “violated Federal Securities laws.”

The SEC's complaint is that “persons who support the BitConnect Program are sold without registering the Securities with the Commission and registering as a broker-dealer with the Commission as required by law.” BitConnect's lending program is said to encourage people to invest in potential investors, including Trevon Brown, Craig Grant, Ryan Maasen, and Michael Noble, by creating promotional-style videos and posting them on YouTube. It is also claimed that some YouTube channels that make promotions are paid on a commission basis in return for their promotional efforts.

Shortly after his release, Trevon Brown (better known as Trevon James) posted a tweet saying he didn't deny the charges and said the community would "rally" around him.

Lara Shalov Mehraban, Deputy Regional Director of the SEC's New York Regional Office,

“We will try to hold accountable those who make illegal profits by taking advantage of the public's interest in digital assets”

said.

 

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Bitcoin News

Who Has The Most Bitcoin (BTC) Savings?

Bitcoin Analizi, Bitcoin 5.700 Doları Geçti!

According to the research result, the Winklevoss twins own 150,000 BTC, but there are names that own more Bitcoin than them…

Blockchain Center, which investigates who owns the largest amount of Bitcoin (BTC); From Winklevoss twins to scammers, from hackers to "zombie coins", he laid out all the data.

 

On the other hand, the most famous hacking case of the cryptocurrency world, Mt. Gox incident allegedly owned 166,000 BTC.

It is claimed that 30,000 BTC seized from the Silk Road scandal is in the hands of Tim Draper.

Plus Token scammers were said to have 200,000 BTC.

On the other hand, “Zombie coins” are surprisingly plentiful. These tokens we are talking about consist of 1.5 million BTC, which will never be used and will not be spent by anyone forever.

Grayscale's Bitcoin Trust is known as the largest institutional Bitcoin investment vehicle and currently holds over 400,000 BTC of liquidity. Lightning Network only holds 1,000 BTC, while Ethereum (ETH) has another 80,000 BTC locked.

Another 2.5 million Bitcoins are expected to enter circulation over time. Time will tell which other names will be included in this list.

 

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Blockchain News

National Fisheries Institute and IBM's Blockchain Tracking System Food Trust

Ulusal Balıkçılık Enstitüsü ve IBM’in Blockchain Takibi Sistemi Food Trust

The United States seafood trade association, the National Fisheries Institute (NFI), is working with Food Trust, IBM's blockchain supply chain solution, to monitor FoodOnline's reports on June 11 seafood and food-related news.

In the report, they mentioned the new system for monitoring the type of seafood jointly carried out by multiple companies. In addition, NFI members representing harvesters, importers, cold storage, food service restaurants and retail sales were also included in the program.

IBM's Blockchain Tracking System Food TrustSIRF President's Statement

The project is funded by the Seafood Industry Research Fund (SIRF), whose chairman Sean O'Scannlain said in a statement on developments:

“The tracking system is nothing new to the seafood industry, but we'll test how blockchain is a new concept, with IBM's Food Tracking system, helping seafood businesses earn revenue and reduce costs to customers from harvest to distribution.”

The system also states who can access and how long companies can control data, and who will retain control after the chain is loaded. Raj Rao, IBM Food Trust general manager Food Food Trust can change any sector, especially when we have large ecosystems, businesses and organizations ” He said.

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Source: Cointelegraph

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