Now, quicker Gulf #remittances with #blockchain push.

Mumbai : Indians working in the Gulf will have a more efficient method for transferring #money from #bank accounts to #India with UAE-based RAKBANK and several others joining Ripple's network. #Ripple #XRP, a currency network and a real-time gross #settlement system (RTGS), enables instant money transfers by plugging banks into the #RippleNet — the world's first blockchain-based remittance system...

https://m.timesofindia.com/business/india-business/now-quicker-gulf-remittances-with-blockchain-push/articleshow/61028805.cms