Alex Holmes, MoneyGram Chairman and CEO expressed excitment about (https://www.prnewswire.com/news-releases/moneygram-announces-strategic-partnership-with-ripple-300869819.html) strategic partnership with
Ripple.
Federal Bank is the fifth bank joining the
Ripple network.
"We are absolutely thrilled to announce the UBRI partnership with
Ripple, as it further strengthens Morgan's commitment to advancing the next generation of engineers, entrepreneurs and tech professionals," David Wilson, the university's president, said in a statement.
Sometimes, the
ripples in the sand have disruptions in their regular arrangement, with added patterns that can resemble zigzags, tuning forks, and other designs.
Most funds are currently sent through foreign exchange branches but a growing chunk is being transferred via websites and apps, with the use of blockchain technology expected to ramp up in the next few years -- a transition that UAE Exchange and San Francisco-based
Ripple are aiming to capture.
Dilip Rao,
Ripple's global head of infrastructure innovation, has been widely quoted as saying
Ripple is "seriously planning to enter the Middle East market", with a Dubai office opening by the end of this year.
In a recent interview with The Korea Times, Eric van Miltenburg, senior vice president of global operations at
Ripple, said regulations should protect consumers and businesses.
Within this framework,
Ripple will support three specific initiatives at UNIC: (1) Joining as founding corporate member of UNIC's Institute For the Future (IFF), to support its work in blockchain technologies and cryptocurrencies; (2) Funding the
Ripple Graduate Fellowship at UNIC, to fund two new post-doc positions for the next three years, and; (3) Funding the
Ripple Scholar Scheme at UNIC, offering an annual full scholarship for UNIC's MSc in Digital Currency for the next five years.
BankDhofar joins more than 100 financial institutions including banks and payments providers using
Ripple's Blockchain technology to provide a global payments experience that delivers instant, certain, low-cost cross-border payments to their customers.
Ripple said, "This ground-breaking pilot program is the first of its kind to be launched by a central bank.
"SAMA is leading the charge as the first central bank to provide resources to domestic banks that want to enable instant payments using
Ripple's innovative blockchain solution," Rao added.
Through this partnership, UAE Exchange joins RippleNet,
Ripple's enterprise blockchain network with over 100-member banks and financial institutions.
