RippleNet Welcomes One Of The Biggest Banks In Pakistan To The Ecosystem

Ripple has been in the spotlight a lot this year. The company was able to bag a lot of important partnerships, and it also made sure to promote its products.

At the same time, the San Francisco-based firm boosted the entire XRP ecosystem, and all that Ripple enthusiasts are waiting to see these days is a surge in the digital asset’s price.

RippleNet welcomes one of the largest banks in Pakistan to the family

Ripple revealed that one of the largest banks in Pakistan Faysal Bank Limited, joined the Ripple family.

The bank’s CIO Dato Arif Siddiqui confirmed the partnership.

It seems that the deal with Ripple will make it much easier for Pakistanis who are living outside the country to send money to their loved ones, according to the latest reports coming from Smartereum.

They will use a cheaper and faster method than the one which is currently available.

“Ripple has been making strides in the MENA region, which is known for its vast wealth, for quite a while. As reported by U.Today, the San Francisco-based startup earlier teamed up with the National Bank of Kuwait (NBK),” Smartereum writes.

Ripple makes a push for adoption

Ripple hired a new government relations manager amidst the continued expansion of the whole ecosystem.

The online publication the Daily Hodl revealed that Ron Hammond, who is a former legislative assistant to Ohio Republican Congressman Warren Davidson announced his hiring and posted about it on social media.

“Excited to announce that as of today, I am the new Manager of Government Relations for @Ripple! Thrilled to bring all of my legislative experience, including crafting the Token Taxonomy Act, to the team. Special thanks to @michellebond111 and @s_alderoty for this opportunity!” he revealed.

Regarding the price of Ripple’s digital asset XRP, at the moment of writing this article, the crypto is trading in the green.




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