Finablr join RippleNet: instant transactions thanks to XRP


The payment and cash-exchange company Finablr has recently joined RippleNet, the network of banks and financial institutions of the cryptocurrency Ripple (XRP). The company’s network – which includes UAE Exchange, Unions, Travelex, Xpress Money, Remit2 India, Ditto and Swych – will use Ripple technology to enhance cross-border transactions. Finablr, based in the United Arab Emirates, has also partnered with Siam Commercial Bank, in Thailand, to offer instant cross-border transactions.
Through RippleNet and in collaboration with Siam Commercial Bank, Finablr promises that UAE Exchange and Unesco customers can make instant transfers to Thailand.