02/14/2019 08:42

Release： 02/14/2019 08:42

Update： 04/08/2021 02:35

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Saudi Arabian central bank encourages Ripple technology! Banks already trialing xCurrent

Ripple and Saudi Central Bank Collaboration

Ripple, Inc., based in the United States, announced that it has reached an agreement with the Saudi Arabian Monetary Authority (SAMA) and commercial banks under the Saudi Arabian Monetary Authority’s umbrella, including the central bank of the Kingdom of Saudi Arabia, to improve payment infrastructure using Ripple’s xCurrent.

Under the KSA central bank, a pilot program (final stage of pre-release testing) is planned, and participating banks will test with xCurrent to achieve greater transparency and lower-cost domestic and international transfers.

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