Partnership from Ripple that excites investors!
Ripple, whose lawsuit is ongoing with the US Securities and Exchange Commission (SEC), has announced that it has signed a partnership that excites investors.. Details are in our news.
Ripple’s partnership that excites investors
Ripple continues its legal battle with the US Securities and Exchange Commission (SEC). Although there are new developments in the case every day, the litigation process does not prevent Ripple from making new initiatives.
Ripple CEO Brad Garlinghose stated that they will establish new partnerships and expand the Ripple network in the program he attended recently. One of those partnerships was established with one of the largest banks in Egypt.
Ripple partnered with the National Bank of Egypt, one of the largest and most established banks in Egypt.. Ripple announced the partnership on its official site.
See: Ripple, Ripple news and breaking news
“Today, we are excited to announce our partnership with National Bank of Egypt (NBE), the largest bank of North African country Egypt . Via Ripple’s global payments network RippleNet NBE has connected with LuLu International Exchange which is part of UAE-based financial services provider LuLu Financial Group to process cross-border payments from the United Arab Emirates (UAE) to Egypt.”
This is not the first partnership between Ripple and NBE. The cooperation that started in February 2020 has gained a new dimension with this agreement.. The agreement includes the third-party participation of UAE-based financial services provider LuLu International Exchange, which is part of LuLu Financial Group, in the partnership. .
“NBE’s partnership with Ripple will help increase overall efficiency by enabling NBE to forge new alliances in wider markets with lower costs and faster integration times.
NBE “We are very excited to announce our new partnership with Ripple and LuLu and we believe it will contribute to the further acceleration of the Egypt-UAE money transfer corridor,” Hesham Elsafty, Head of Financial Institutions and International Financial Services Group, said in a statement. /p>
Source