Ripple update: National Commercial Bank of Saudi Arabia Joins RippleNet
[National Commercial Bank of Saudi Arabia Joins RippleNet](https://ripple.com/insights/national-commercial-bank-of-saudi-arabia-joins-ripplenet/)
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>Following Ripple’s recent pilot with the [Saudi Arabian Monetary Authority](https://ripple.com/insights/ripple-and-saudi-arabian-monetary-authority-offer-pilot-program-for-saudi-banks/), the [National Commercial Bank (NCB)](https://www.alahli.com/en-us/about-us/corporate-profile/pages/ncb-overview.aspx) has joined RippleNet. NCB was the first bank established in the country; today, it’s one of the largest financial institutions in the Middle East with more than 5.4 million customers worldwide.
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>NCB will connect to other financial institutions around the world through RippleNet. Ripple’s blockchain technology also provides their customers with faster and more transparent international payment services. The bank will first connect to financial institutions in North America and Asia, starting in Singapore. Launching these two critical payments corridors out of the gate offers immediate value to NCB’s customers — services in regions that they have not had access to before.
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>NCB will be in production on RippleNet by the end of Q4 2018.
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About Ripple (XRP)
Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
Author: Mydailybeard
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