UAE Exchange, Ripple to Launch Blockchain Remittances to Asia by Q1 2019
Cointelegraph
Published Dec 13, 2018 11:18AM ET
Updated Dec 13, 2018 11:41AM ET
UAE Exchange, Ripple to Launch Blockchain Remittances to Asia by Q1 2019
United Arab Emirates-based UAE Exchange has partnered with Ripple to launch blockchain-based cross-border remittances to Asia by Q1 2019, Reuters reports Dec. 13.
According to the report, UAE Exchange, a part of payments and foreign exchange company Finablr, is among the key players in the Middle East region, which sees high levels of remittance inflows from expatriate workers. As Reuters notes, Asia was one of the largest recipients of the $613 billion in remittances estimated to have been sent globally in 2017.
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Written By: Cointelegraph
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