Saudi Arabia's major bank SABB joins RippleNet! Already more than 200 companies participating!?

It has been revealed that SABB has joined RippleNet

Based on statements from a representative of SABB (Saudi British Bank), a major bank in Saudi Arabia, the bank has partnered with Ripple, the company that provides international remittance services, and

started testing remittance since December 2018.

There has been no official announcement, but if this is true, SABB would become a RippleNet member bank following the Saudi Central Bank (SAMA).

The disclosure of SABB's RippleNet membership was made by SABB's head, Ghada AI Jarbou.

In a document released recently, she stated the following.

Japanese translation

SABB is one of the three banks authorized by the Saudi Central Bank to test Ripple's blockchain technology for international remittance services.

We began operations in December 2018.

【Table of contents for this article】

1: It has been revealed that SABB has joined RippleNet

➜ The Saudi central bank "SAMA" has also partnered with Ripple

2: Over 200 companies participate in RippleNet

Full article here

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