BankDhofar Joins Ripple’s network For Its Instant Payment System
As part of its ongoing efforts to ensure convenient banking experience for its customers, BankDhofar has announced that it is the first bank in Oman to be a part of Ripple’s global enterprise Blockchain network, RippleNet. They are trying to ensure and provide convenient banking for its customers.
The news were made public just recently with Dr. Tariq Taha, BankDhofar’s Chief of Information adding that:
“The first bank in Oman to join and access more than 100 of its member banks and other financial institutions utilizing Blockchain for instant payments”.
BankDhofar joins more than 100 financial institutions including banks and payments providers using Ripple’s Blockchain technology to provide a global payments experience that delivers instant, certain, low-cost cross-border payments to their customers.
BankDhofar becomes the first financial institution in Oman to try Ripple’s Blockchain solution for cross-border payments, real-time settlements and bi-directional messaging.
Chief Information officer of BankDhofar, Dr. Tariq Taha while announcing the partnership expressed the bank’s pleasure be a part of Ripples revolutionary network, the first from its home country.
“The first bank in Oman to join and access more than 100 of its member banks and other financial institutions utilizing Blockchain for instant payments,” he said.
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