This is a piece of news that was overlooked by many. For some reason, we have not seen it widely on Social Media yet.
The date is May 14th, 2017.
Saudi Arabia is the 2nd leading country for remittance worldwide. Al Rajhi Bank specifically is the leading bank in the region for remittances, with over 200 remittance centers over Saudia Arabia.
Al Rajhi Bank is working closely with the Saudi Arabian Monetary Agency to make this widely available to its retail and corporate customers.
Quote:
Al Rajhi Bank (ARB), the world’s largest Islamic Bank, has completed a secure, cross-border money transfer using Ripple Blockchain Technology. This successful transaction marks the first time the technology has been used in Saudi Arabia.
Source:
http://www.alrajhibank.com.sa/en/media-centre/news/pages/blockchain.aspx
very informative
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Thank you :)
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