Ripple extends RippleNet services to Morocco through Attijariwafa’s new partnership agreement
Ripple Thunes, a global cross-border payments company, is moving into Morocco as it forms a strategic collaboration with Morocco and Atttijariwafa Bank, one of Africa’s largest banks.
?? We are excited to build a partnership with @ThunesPayments When @AttijariwafaBExtend RippleNet services to Morocco and the larger MENA region! https://t.co/IQrWqr4EaW
— Ripple (@Ripple) July 13, 2022
This partnership is important because Ripple and its money transfer platform, RippleNet, connect Thunes to Attijariwafa Bank. Attijariwafa Bank customers will be able to receive cross-border transfers initiated over the Thunes network more quickly, thanks to the connection between RippleNet and Thunes.
According to a Thunes news release, “This collaboration will also allow approximately 30 million Moroccan bank account holders to receive deposits directly into their accounts.” Local clearing agencies said in other Morocco. It can also be used to connect with customers in your bank.
Brooks Entwistle, MD of Ripple’s APAC and MENA, said: For customers in Morocco and the larger MENA region. “
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BIS and Bank Indonesia CBDC Challenge Ripple Candidate List
I’m excited to be elected to @BIS_org When @bank_indonesia G20 Challenge for CBDC Solutions! 90% of central banks are looking for CBDC. And we know the potential to promote financial inclusion and the hurdles to adopting the CBDC. https://t.co/aPvlBI23ea
— Ripple (@Ripple) July 13, 2022
The Bank for International Settlements (BIS) Bank Indonesia has announced the finalists for the G20 TechSprint Challenge on Central Bank Digital Currency (CBDC) under the G20 Presidency of Indonesia.
The explanation of the issue has led participants to come up with ideas for building effective and robust means for issuing, distributing and transferring CBDCs. To enable financial inclusion. Improve interoperability and connect payment systems better.
Alongside major companies such as Mastercard, Asia Pacific, Dragonfly and Ripple, he was named one of the 21 finalists on the team to build an effective and robust means for issuing, distributing and transferring CBDCs.
