Ripple teams up with Finablr to launch blockchain payments by Q1 2019

[PRIBO247]

Ripple has announced teaming with Finablr member UAE
Exchange to launch a cross-border blockchain-power
remittances in Asia.
The payments system will be based on Ripple’s blockchain
network, and it will be released sometime in the first quarter
of 2019, with a focus on Asian remittances, according to a
Blokt announcement. The UAE Exchange and Ripple plan to
get this market with their services that are based on the
blockchain tech.

The companies’ partnership dates from February 2018, and
the goal was to process cross-border payments. RippleNet
includes more than 100 members (banks and financial
institutions), which are engaged in making cross-border
transactions quicker and more manageable.
The UAE exchange is part of the foreign exchange firm
Finablr. Blokt has revealed that Finablr might also explore
how Ripple is able to enhance their B2B solutions as well.

Source: https://www.thepaypers.com/