UAE’s top cryptocurrency exchange platform will open deals for Ripple’s XRP later this week, on January, 30th. Those interested in the purchase can acquire the token via AED wire transfers or UAE-issued credit cards. With the Ripple’s native asset, the exchange can now offer 3 cryptocurrencies with Bitcoin and Ethereum.
Earlier this month, around January, 10th NBD, Dubai’s biggest bank, halted the transactions of major cryptocurrency platforms, including BitOasis, hiding behind such statements as “some transactions associated with Bitcoin may be rejected by Emirates NBD or as a result of rejections by other domestic or international correspondent banks due to policies, systems and controls to detect and prevent financial crime including money laundering, terrorist financing and breaches of international sanctions.”
On a side note, another UAE’s bank RAK has partnered with Ripple in order to enable instant payments in India. The bank is going to launch instant, frictionless and secure money transfer services to India’s Axis Bank clients.
In conclusion, international payments are reshaping. And certainly blockchain technology proves it is next step in evolution of the system.