Ripple (XRP) to Provide the First Blockchain-based Payment Solution for Kuwait Finance House

August 19, 2018

 

As Ripple XRP is enjoying some time off the bear market as we can see Ripple’s currency going up above 7% against the fiat in the last 24 hours. In addition to embracing the positive trend in the market, Ripple was most recently mentioned by Kuwait Finance House in an official release on the matter of providing the first blockchain-powered transactions system for Kuwait.

Ripple is known by blockchain-based products offering swift and secure payments with low fees while being ranked as the 3rd top currency in accordance with its market capitalization of over 12.3 billion dollars. Integration and mass adoption is one of the main focuses of the majority of cryptocurrencies. Ripple XRP might be one of the leading blockchain foundations in this domain, as Ripple’s payment systems are already being utilized and mostly successfully tested by financial giants like SBI Group, Santander bank, Western Union and other financial and banking institutions and services.One of the latest achievements in this field was made with the latest announcement provided by Kuwait Finance House (KFH), stating that KFH will be utilizing Ripple’s blockchain-based system solution for fast transactions.In an official promotional video released by Kuwait Finance House, originally made for the targeted audience in Kuwait, KFH showcased the efficiency of Ripple’s cross-border solution for prompt transactions, while stressing out that the first blockchain-based transaction made in Kuwait was powered by Ripple Technology.

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Ripple’s (XRP) is up 4.50% over the past 24 hours and is currently trading at $0.331886 USD

XRP had a 24 hour low of $0.313831 and a high of $0.372244

XRP is the 3rd largest cryptocurrency by market cap size

XRP currently has a marketcap of $13,067,140,005 USD

Its 24 hr trading volume is approximately $536,518,539 USD

It has a circulating suppy of 39,315,683,476 XRP

 

About Ripple's (XRP): Built for enterprise use, XRP offers banks and payment providers a reliable, on-demand option to source liquidity for cross-border payments. Using XRP, banks can source liquidity on demand in real time without having to pre-fund nostro accounts. Payment Providers use XRP to expand reach into new markets, lower foreign exchange costs and provide faster payment settlement. XRP consistently handles 1,500 transactions per second, 24x7, and can scale to handle the same throughput as Visa. XRP's five-year track record of stable technology and governance makes it ready for institutional and enterprise use.

 

Ripple's (XRP) can be bought with fiat dollars, debit and credit cards on cryptocurrency exchanges such as CEX.io and Changelly.com and it can be bought with cryptocurrency on exchanges such as CoinExBinance, and HitBTC

 

Click here to open an account at CEX.io and to buy XRP with your credit or debit card

 

#Ripple #XRP

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