Ripple seeks to expand the possibilities of money transfers around the world.
Ripple has signed an agreement with the National Bank of Egypt. One of the oldest and largest banks in the country was the first to use blockchain technology in the country at the official level. Dalia El-Baz, Deputy Chairman of the National Bank, stated that the service offered by RippleNet will attract more customers and this is expected to increase the bank’s revenue as well. She went on to state the importance of the security offered by blockchain, and Ripple’s consistent effort in improving the security measures. Reports Bitcoin News. Stay with us. The news release partner STEX.com.