UAE Al Fardan Exchange partners with Blockchain Ripple

UAE Al Fardan Exchange partners with Blockchain Ripple for cross border payments. According to the National News piece, UAE Al Fardan Exchange will be utilizing Ripplenet for cross border payments. The partnership will allow Al Fardan's customers to remit money internationally in real time.

Al Fardan will join Blockchain Ripple’s cloud-based global financial network, RippleNet Cloud, which allows financial institutions to move away from ageing and expensive legacy infrastructure and adopt the flexibility, speed and resilience of cloud computing without the burden of hardware management.

“We are well into a digital future and payments powered by technology, which is becoming key in the region,” said Hasan Al Fardan, chief executive of Al Fardan Exchange. This partnership underscores our commitment to offer new channels and opportunities for people to remit money more securely, with more flexibility and convenience. Money exchange providers are increasingly partnering with FinTechs to cater to customers who now rely on the convenience of mobile applications to send money home rather than visit physical branches.