UAE Exchange for tie-up with Ripple
UAE Exchange is in talks with US blockchain startup Ripple to explore a possible tie-up to streamline payments. The exchange feels such a tie-up would help it introduce real time, cross-border payments using blockchain technology. Incorporating blockchain into its processes would help it cut the speed and cost of money transfers for its customers, feels the exchange, which has already invested in two other block chain related companies recently. Promo th Manghat, CEO ofUAE Exchange Group, said the exchange has been significantly investing in blockchain technology, including in Loyyal, a blockchain innovator building a global loyalty network.