RAK Bank joined with Ripple for Instant Blockchain Payments

The Bank will provide absolutely transparent and quick work with payments
22 November 2017   1922

The National Bank of Ras Al-Khaimah retail and business bank in the UAE (RAK) has partnered with blockchain startup Ripple that to power instant cross-border payments to India’s retail customers. RAK Bank is connecting with global bank-centric blockchain network RippleNet of Ripple. It is necessary to enable live retail remittance payments to customers in Axis Bank in India. The UAE RAK bank promises that all operations will be instant and absolutely transparent.

By using Ripple’s Blockchain solution to power international payments, our customers can now send money home easily and in real time. Joining the Ripple network is in line with not only our Blockchain strategy, but it also allows us to expand our remittance footprint.

 

Peter England, RAK Bank chief executive.

 

A major private sector lender in India Axis Bank have a partnership with San Francisco-based Ripple since January this year. But the Bank started to use for cross-border remittance rails with Ripple’s blockchain back in 2016 year. Now Axis Bank can use APIs and distributed ledger technology.

Also the UAE Exchange, one of the largest remittance operators in that region, reported that they are going to partnership with Ripple for real-time cross-border payments.

Ledger Live to be Released

Ledger Live is a complex application that combines the functions of managing a hardware device and digital assets
10 July 2018   234

On Monday, July 9, the release of new software for hardware bitcoin wallets Ledger Nano S and Ledger Blue under the name Ledger Live with support for Windows, Mac and Linux operating systems.

According to the developers, Ledger Live is a complex application that combines the functions of managing a hardware device and digital assets. The new software has replaced many browser extensions based on Chromium.

Installing a new device and connecting an existing account to Ledger Live takes place as quickly as possible. Simultaneously, all crypto-currencies are now available in one account, which eliminates the need for users to use different applications for Bitcoin, Ethereum or Ripple.

It is noteworthy that the user interface provides data on the cost of all crypto assets in real time, and also displays the status of transactions.

The first version of Ledger Live does not support ERC-20 tokens, but the developers have already promised to add this option in the next releases.