NBAD joins Ripple project
The National Bank of Abu Dhabi has joined Ripple, the global distributed ledger technology project. It is the latest to join the forum that is developing a system to facilitate better and easier cross-border transactions. Using distributed ledger technology, regional customers will be able to instantly transfer funds to beneficiary accounts. Additionally, they will see their transactions take place in real-time at all times. Ripple can make a big impact in the United Arab Emirates, as it is one of the top remittance-sending countries in the world today. The National Bank of Abu Dhabi has said enhancing the customer experience is of the utmost priority for the bank and blockchain technology will play a big role in this regard.