UAE Exchange has a massive presence in the UAE, with close to 150 branches spread across the seven Emirates and 17 branches in the Dubai metro stations. Ripple, the blockchain powered global real-time settlement network confirmed today that UAE Exchange, one of the largest payment providers in the Middle East is joining RippleNet..
UAE Exchange was founded in 1980. The 35-year plus young financial institution has today, grown into one of the leading global remittances and payment solutions brands in the world..
Headquartered in Abu Dhabi, the brand has spread its footprint across 31 countries in 5 continents with close to 800 branches. RippleNet is a decentralized global network of banks and payment providers using Ripple’s distributed financial technology, which provides real-time messaging, clearing and settlement of financial transactions..
Earlier this week China’s fourth largest payment processor LianLian announced it would participate in Ripple’s blockchain powered cross-border payments solution RippleNet..
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