Large Bank of Pakistan Joins RippleNet

According to the company’s own statements, this year Ripple significantly strengthened the XRP ecosystem, which allows, despite everything, to maintain the faith of token holders in the confident growth of the digital asset.

It is reported that the company announced the accession to the Ripple family of one of the largest banks in Pakistan, Faysal Bank Limited. Bank IT Director Dato Arif Siddiki confirmed the partnership.

It seems that cooperation with Ripple will greatly simplify the Pakistanis living outside the country, sending money to their loved ones.

Using the proposed solution, users have at their disposal a cheaper and faster method of payment, compared to others available today.

Ripple is making headway in the MENA region, which is known for its tremendous wealth. In addition, according to U.Today, a startup from San Francisco previously teamed up with the National Bank of Kuwait (NBK), writes Smartereum.

Amid the ongoing expansion of its ecosystem, Ripple has hired a new government relations manager.

It was Ron Hammond, the former assistant to the legislator of the Republican congressman from Ohio Warren Davidson, who wrote about his new post on social networks.

“I am pleased to announce that from today I am the new Government Relations Manager at @Ripple! I am pleased to bring my legislative experience to the team, including the development of the Token Taxonomy Law. Special thanks to @ michellebond111 and @s_alderoty for this opportunity! ”

As for the price movement of the Ripple XRP token, at the time of writing, along with most of the market, it was trading in the green zone: at $ 0.25 with an increase of 0.74% with a market capitalization of $ 11 billion.

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