NBAD offers blockchain payments after tie-up with Ripple
National Bank of Abu Dhabi (NBAD) said on Wednesday it had become the first bank in the MENA to introduce real time, cross-border payments on blockchain. Through a partnership with Ripple, a US start-up specialising in blockchain technology, NBAD said it would allow customers to cut the cost and speed of payments. Several other banks have already partnered with Ripple, which uses the blockchain technology that underpins digital currency bitcoin to help banks speed up their dealings with one another. (Reuters) Natl. Bank of AD (AD) : AED9.88 as of 1 Feb. 2017, Rating: Buy, TP: AED10.80/share, MCap: USD14,026mn, NBAD UH/NBAD.AD
This website uses cookies to make the site work, to understand if the site is working well, how it is being used, to connect to social media sites (such as Facebook and Twitter) and to collect information useful to allow us and our partners to provide you with more relevant ads . Some cookies are essential to make the site work, but you can control how we use non-essential cookies at any time by clicking the “ON/OFF” button next to each category. For more information about the cookies used on this site, see Privacy Policy.
Decide which cookies you want to allow.
Strictly Necessary
These cookies are essential in order to enable you to move around our website and use its features, such as accessing secure areas of our website. Without these cookies, any services on our Site you wish to access cannot be provided.
Analytical/performance cookies
Visitors use our website, for instance which pages you go to most often, and if you get error messages from web pages.