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National Bank of Kuwait to use Ripple for blockchain-backed remittances

National Bank of Kuwait to use Ripple for blockchain-backed remittances

The new remittance service is currently available for remittances to Jordan, but will be expanded to other countries National Bank of Kuwait (NBK) has unveiled a new remittance service using RippleNet’s blockchain technology. While the “NBK Direct Remit” service uses RippleNet, it doesn’t utilise XRP, the company’s native token.







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