Ripple Secures Partnership With Egypt’s Largest Bank

Ripple Network continues to grow even with the ongoing SEC lawsuit.

Announced on a blog post,Ripple has partnered with the National Bank of Egypt to elevate cross border payments transactions.

With Ripple’s global payment network ,RippleNet, the NBE will connect with Lulu Exchange to enable faster cross-border payments transactions from United Arab Emirates to Egypt.

With this partnership, NBE can establish new alliances and wider market reach with reduced costs and transaction time.

Elevating the cross border payment is essential as Egypt belongs to the top 5 remittance recipient worldwide next to India, China, Mexico and the Philippines.

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