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Thursday, 13 February 2020

National Bank of Egypt signs blockchain agreement with Ripple for remittances

NBE signs blockchain protocol agreement with Ripple for remittances: The National Bank of Egypt (NBE) currency exchange network Ripple signed an agreement that will see the state-owned bank using the company’s blockchain technology for remittance payments made through NBE, reports Al Mal. The agreement is meant to expedite the process of Egyptian expats sending home remittances through improved liquidity management and access to real-time financial records.

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