• Mon, 09 Dec 2019, 12:19 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Unimoni and UAE Exchange go live on Ripple’s blockchain network ‘RippleNet’

Mon, 11 Feb 2019, 05:22 am UTC

Finablr, a UAE-based platform for payments and foreign exchange solutions, has announced that UAE Exchange and Unimoni are now live on RippleNet, Ripple’s blockchain-based global payment network, Trade Arabia reported.

UAE Exchange and Unimoni are part of Finablr’s network brands. They will use Ripple’s technology for facilitating seamless cross-border transactions to Thailand and plan to extend it to other countries.

“We are excited to see this collaboration go live, allowing customers in any part of the world to send live payments to Thailand instantly and efficiently. In pursuit of our shared goal to provide a frictionless experience when moving money globally, we will continue to support our partners - UAE Exchange and Unimoni - in their efforts to deliver innovative technology-led financial solutions,” Navin Gupta, managing director, South Asia and Middle East and North Africa (Mena) at Ripple, said.

In December 2018, Promoth Manghat, executive director and chief executive officer at Finablr and group chief executive officer at UAE Exchange and Unimoni, told Reuters that they were planning to roll out blockchain-based cross-border remittances to Asia by the first quarter of 2019.

UAE Exchange and Unimoni customers across the globe would now be able to transfer money instantly to their beneficiaries in Thailand. The service has been rolled out initially with Thailand’s Siam Commercial Bank.

“The adoption of blockchain opens up considerable potential to streamline remittances and provide a frictionless, fast and secure payments experience,” Manghat said.

“The launch of this service is a significant milestone for us in our commitment to enable seamless services for our customers, and we thank our partners Ripple and Siam Commercial Bank for their collaborative support in this journey.”

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $7,567.00 (+0.25%)
  • Ethereum (ETH) $151.21 (+1.56%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $214.27 (+0.80%)
  • Litecoin (LTC) $45.98 (+0.84%)
  • Bitcoin (BTC) $7,567.00 (+0.25%)
Dec 8, 2019 (Sunday)
10:32
Investment group acquires green light from the SEC for Bitcoin Futures fund
10:16
SEC taps British court to acquire deposition from former Telegram chief investment advisor
Dec 6, 2019 (Friday)
13:25
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
13:24
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:19
Crypto Technicals: LTC/USD extends sideways, finds strong support at 42.45 (Trendline)
11:18
South Korean consortium to provide blockchain-based ID services via mobile app in 2020
10:31
Crypto Technicals: BCH/USD intraday bias turns slightly bullish, scope for test of 20-DMA (220.99)
10:00
Bitfury launches enterprise blockchain platform ‘Exonum Enterprise’
08:44
CULedger reveals an EFT payment solution for credit unions in collaboration with R3, Luxoft
07:37
Reserve Bank of India governor against the development of private digital currencies
07:34
Ripple asks court to dismiss XRP securities lawsuit in latest filing ahead of court meeting
07:30
Crypto Technicals: ETH/USD struggles to extend recovery, finds stiff resistance at 200H MA at 149.77
05:47
Blockchain firm Figure Technologies hits $1.2B valuation after closing $103M Series C round
05:03
Blockchain firm ChromaWay acquires Antler Interactive after setting up its gaming arm Chroma Studios
04:42
Galaxy Digital-backed Flipside Crypto hires Accenture Managing Director Matt Bridges as COO
04:23
Crypto Technicals: BTC/USD rangebound in the Asian session, struggles at 200H MA
03:56
Canadian mining firm goes belly up; Owes local, federal government hundreds of thousands
03:54
New crypto derivatives trading platform Phemex can manage 300,000 TPS, says core developer
03:51
Microsoft creates blockchain-based incentive scheme with Enjin to recognize active members of Azure community
Dec 5, 2019 (Thursday)
13:09
Dunamu’s crypto subsidiary DXM partners with Ledger to launch custody service for institutional clients
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft