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Why XRP Token Is The Green Coin That Solves Problems Now

Why XRP Token Is The Green Coin That Solves Problems Now
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Crypto Crash, XRP Whales, Saxo Bank, Hong Kong: Editor's Pick

Crypto Crash, XRP Whales, Saxo Bank, Hong Kong: Editor's Pick
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LuLu uses RippleNet to open Egyptian remittance corridor with National Bank of Egypt

LuLu uses RippleNet to open Egyptian remittance corridor with National Bank of Egypt
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NBE and LuLu Exchange Inks Partnership to Utilize Ripple's Cross-Border Payment Network RippleNet

NBE and LuLu Exchange Inks Partnership to Utilize Ripple’s Cross-Border Payment Network RippleNet
6 hours ago by Benjamin Godfrey · 3 min read
Photo: Unsplash
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The NBE and LuLu Exchange partnership with Ripple comes as one of the latest pieces of evidence that the company’s business is healthy and growing.
Blockchain payments firm Ripple Labs Incunveiled on Tuesday that the National Bank of Egypt (NBE) and LuLu International Exchange, a financial services operator based in the United Arab Emirates has inked a strategic partnership to facilitate interstate remittances using the company’s global payment infrastructure RippleNet. ....

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LuLu Exchange partners with National Bank of Egypt through RippleNet to enhance payments experience to Egypt

With a large diaspora in the region, Egypt received $24 billion in remittances in 2020
Through this partnership, NBE and LuLu Exchange look to elevate the cross-border remittance experience into Egypt to be cheaper, quicker, and more reliable.
Image Credit: Supplied
In a significant boost to the regional payments sector, Abu Dhabi-based financial services provider LuLu International Exchange – part of the LuLu Financial Group, has entered a partnership with the National Bank of Egypt (NBE) – the North African country’s largest bank, through Ripple’s global payments network RippleNet, to process cross-border payments from the UAE to Egypt.
With a large diaspora employed abroad in the Gulf states – including the UAE – Egypt received $24 billion in remittances in 2020 alone, making it one of the top five remittance recipients globally after India, China, Mexico, and the Philippines. ....

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