Published On: Sun, Feb 11th, 2018

Ripple Signs Massive Deal with UAE Exchange

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Despite the recent skepticism, Ripple has received a big-time boost by signing a massive deal with major foreign exchange UAE Exchange.
The Proof Is in the Partnership
Ripple has come under criticism as of late, with a massive sell-off of XRP followed by skepticism as to the number of financial institutions even interested in using the third-ranked cryptocurrency in the first place. However, Ripple has fired back at the haters by garnering another significant partner.
According to Business Insider, Ripple has penned a deal with major foreign exchange UAE Exchange, who is interested in using the blockchain technology to power their payments.

#UAEExchange partners with @Ripple for instant cross-border payments & becomes the first global #money_transfer business in Middle East to offer real-time, seamless #payment solutions using #blockchain technology. Read more: https://t.co/iXbUycOB6b pic.twitter.com/vC8cagF3s9
— UAE Exchange (@uaeexchange) February 11, 2018

UAE is now set to join the RippleNet network, which utilizes blockchain technology to send real-time international payments at unprecedented speeds. Says Promoth Manghat, CEO of UAE Exchange:
Incorporating Ripple’s blockchain technology into our payments systems will bring customers an enhanced, new payments experience. The early adoption of this game-changing …

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