NATIONAL COMMERCIAL BANK OF SAUDI ARABIA JOINS RIPPLENET

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NATIONAL COMMERCIAL BANK OF SAUDI ARABIA JOINS RIPPLENET

National Commercial Bank AlAhliNCB joins RippleNet to offer its 5.5 M customers faster and more transparent remittances into and out of the Kingdom of Saudi Arabia. For the last ten years the Kingdom of Saudi Arabia has been one of the largest sources of remittances in the world. According to the World Bank, 308 million dollars were sent into the KSA, and 37 billion dollars in remittances were sent from the country in 2016. Following Ripple’s recent pilot with the Saudi Arabian Monetary Authority, the National Commercial Bank (NCB) has joined RippleNet. NCB was the first bank established in the country; today, it’s one of the largest financial institutions in the Middle East with more than 5.4 million customers worldwide. This is reported on the official Twitter Ripple.

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MXRT/MartialArtsCoin is a cryptocurrency token built upon the Stellar network. Given Stellar’s remarkable speed and reliability in transaction, MXRT/MartialArtsCoin’s chief purpose is to replace fiat-based, banking and remittance transactions across international borders as well as for intranational trade.

Our other, specific use-case allows for one-stop, inexpensive, nearly instantaneous transactions for event ticketing, tuition and billing use, pro-shop/concession, facility/class attendance tracking/payment, and any currency function now spread across traditional cards, bank accounts, and billing company, fee-based platforms.

We are working to become the currency of the future for all uses within the growing sphere of athletes, students, and fans in the Martial Arts ecosystem.

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