Ripple, we all know a famous company around the world concerning blockchain technology. If you just look on to its company details then you can find out that over 100 financial institutions are already been added with Ripple.
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BankDofar, Oman based bank, pretty popular one around Oman even internationally. So its first step towards blockchain technology was to getting added to BankChain, a blockchain consortium. So now this bank is taking its second step toward blockchain technology.
Last Tuesday they have announced that they are adding ripple’s blockchain software to serve its customer better. This bank is taking ripple’s blockchain technology for sending remitte=ance purpose and to send money globally too much easily and fast.
As Ripples blockchain software are being used almost all over the world by the various company. And everyone just using it as it saves time and money for a customer. And that’s why blockchain technology is bringing a revolution to the world.
Ripple has two types of blockchain software so. One is Xcurrent and another one is X rapid. But this bank still didn’t confirm that which one they will take. Latest addition western union they have added Ripple’s XRP software. Now we need to wait to see which one they take. As they have just announced not yet confirmed about the software.
Actually, BankDofar wants to give their customer to get the best user experience that’s why they have chosen ripple which will just focus on the bank customer’s security and transparency and efficiency of other processes of the bank.
So this how by their time saver and money saver technology Ripple is being bigger.
