The media outlined another partnership concluded by Ripple. UAE Exchange is a company with a history of almost 40 years, for which the corporation has become one of the top brands conducting payment transfers. The UAE is present in more than 30 countries, it is headquartered in Abu Dhabi. RippleNet, in its turn, is a global decentralized network operating on the Ripple blockchain, through which banks and other financial organizations can perform transfers, clearing and data exchange in real time.
UAE Exchange representatives note that with the help of a solution offered by Ripple, their company plans to provide its customers with better services, as well as faster and cheaper payments. In RippleNet, a partnership with a company from Abu Dhabi is a natural step in the development and distribution strategy of its system. Signing agreements with the leaders of this industry, like the UAE Exchange, is primarily aimed at improving the conditions for millions of company customers. According to CoinMarketCap, it can be noted that this news prompted the Ripple price to go up and at the time of writing the article XRP is traded at