UAE Bank Opens Bangladesh Remittance Corridor Using Ripple’s Blockchain Tech
RAKBank aims to speed up remittances for Bangladeshi expats after integrating with RippleNet.
Crypto remittances are growing in Latin America, particularly in the wake of other remittance platforms shutting off access to some markets.
The move follows the latest sanction from the Trump administration.
Malaysia's Mobile Money and Bangladesh's bKash will leverage RippleNet for wallet-to-wallet transactions.
The blockchain firm is part of an 11,000 strong network of cash-out counters launched by UnionBank of the Philippines.
Lebanon's crisis has been raging for years, but the devaluation of the Lebanese pound and a global downturn has made stable financial services even more urgent.