Latest ‘Ripple Drop’ from “Ripple Regionals: MENA in Dubai” Keys in on Products, Tech and Culture
Ripple’s latest ‘Ripple Drop’ recap video covered a few important concepts and developments.
Episode 12 largely focused on Ripple’s work across the Middle East and North Africa (MENA). Ripple Senior Associate Amy Hirth started off the clip by discussing the events and highlights of the recent Ripple Regionals customer event in Dubai.
Hirth said the event was a good opportunity for people to speak and collaborate with each other. She said Ripple, with opening an office in the UAE and building a team, was making good connections in the country.
The #RippleDrop 12 features Ripple Regionals: MENA, the CTO of @Abk_kuwait on RippleNet, and central banks' approach to #blockchain and digital assets. https://t.co/snwWw98Q6I pic.twitter.com/YiCC4eiGfB
— Ripple (@Ripple) May 6, 2019
Hirth also noted the event was a run-up to the 2019 Swell conference. Last year’s Swell, hosted in San Francisco, gave Ripple customers the option to “meet, share, and establish new corridors on RippleNet.” The event was keynoted by former U.S. President Bill Clinton.
The next part of the video, featuring Chief Transformation Officer Salem Al Sarraf, discussed how RippleNet was supporting the mobile application for Al Ahli Bank of Kuwait. Salem noted how the application utilized Ripple’s blockchain and was able to function swiftly.
Back in February, Ripple teamed up with the bank to help the financial institution boost its cross-border payment capabilities and make transactions instant. Before, the bank said the transaction process could have taken days to complete.
The last part of the video included comments by Dilip Rao, Global Head of Infrastructure Innovation. Rao touched on how Ripple was working with central banks to introduce cryptocurrency and DLT, and was speaking with entities who were interested in crypto asset regulations.
Ripple has made a lot of headlines over the past few weeks, but none were as shocking as the claims made by the Smartereum crypto news site. Recently, the outlet released a report that said XRP would either collapse or hit a $590 price point. Currently, XRP sits at about $0.30 per token.