Ripple has been successful in earning itself a reputable name across the globe, especially through the numerous partnerships established with banks all over the place.

As previously reported by Bitcoin Exchange Guide, the alliance formed by Ali Ahli Bank of Kuwait (ABK) and Ripple will help the former better in their technological sense, while making cross-border payments instant.

In particular, Ripple’s technology is said to be integrated within the bank’s existing services and will supposedly serve as a foundation to the bank’s current infrastructure. In a recent AMBCrypto reporting, the ABK’s Chief Technology Officer, Salem Al Sarraf, and Chief Operating Officer, Somnath Menon, elaborated more on the partnership and what it means for customers.

During the Ripple Regionals at MENA, Al Sarraf expressed his viewpoint on the bank’s creation of mobile apps specifically for payment processing – noting that, “The only thing the customers will notice, it is fast.” Below is an interview depicting how Ripple’s technology is positively impacting products and services offered by ABK:

See a live demo from the CTO of @Abk_kuwait and find out how RippleNet is supporting innovative mobile payments from Kuwait to the U.A.E. https://t.co/N6gV8TMh5B pic.twitter.com/ZxCeWHRJTR

— Ripple (@Ripple) May 10, 2019

As per Menon, the partnership was a natural occurring – emphasizing that both RippleNet and ABK have common goals that can be achieved when crossing paths and working together. More specifically, he believes that,

“This partnership with Ripple is aligned with our unwavering philosophy of reimaging a simpler bank. We have significant interests in cross border remittances and plan to harness the power of Blockchain technology for making global payments faster and more convenient for our customers.”

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