Today, Kuwait’s biggest Islamic lender announced it will join RippleNet. Kuwait Finance House will join Ripple’s network of banks and payment providers and use Ripple’s blockchain to lower the cost and improve the speed of cross-border payments.
KFH is the First Bank in Kuwait to Join RippleNet for cross-boarder Instant Payments utilizing blockchain technology
— Kuwait Finance House (@KFHGroup) May 26, 2018
The news is the latest in a string of high profile announcements and adoption for Ripple. This week, Ripple burst through social and mainstream media after Ashton Kutcher sat down on The Ellen DeGeneres Show and sent $4 million in XRP to Ellen’s Wildlife Fund in Rwanda, in an instant transfer that occurred on air.
Soon after, the global real estate company Propy announced that you can now buy and sell homes in XRP.
Meanwhile, digital payment platform Uphold completed its integration of XRP, allowing users to buy the crypto with USD, as well make deposits and withdrawals.
Not to be outdone, mobile banking app Revolut finally completed its implementation of XRP, giving its 2 million customers the ability to buy and sell the digital asset.
In addition, the online private jet charter company TapJets said it plans to add XRP as a payment option on June 1st.
Finally, social trading network and multi-asset brokerage company eToro released a study of its clientele, revealing that XRP is the most popular asset on its platform, across all age groups.
Ripple also continues to gather feedback from its community, after proposing a new symbol for XRP.
Disclaimer: The opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin or cryptocurrency. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility.