THELOGICALINDIAN - In the latest Ripple affiliation advertisement the crossborder payments startup has appear that National Bank of Fujairah PJSC NBF will be the latest to advance RippleNet
Another Day, Another Ripple partnership
National Coffer of Fujairah PJSC (NBF), has aloof announced its affiliation with Ripple and their affairs to use RippleNet for cross-border remittance payments for Indian customers. The coffer will be partnering with Indian coffer Indus Ind Bank.
The affiliation will acquiesce NBF barter to advance RippleNet’s cross-border acquittal arrangement for a cheaper, added cellophane way to accelerate remittance payments to India. It will additionally facilitate faster and added traceable payments, alms an bigger experience.
NBF, is a Shariah law adjustable bank, which offers bartering and retail cyberbanking options for customers. They accept 18 branches beyond the United Arab Emirates (UAE). NBF has a ample Indian chump base.
NBF’s CEO, Vince Cook, batten awful of the bland acquaintance offered by leveraging digitization and blockchain tech. RippleNet will actualize a added able advantage for accumulated audience to administer their finances.
Are affiliation announcements accordant in 2024?
Taking a action from the 2024 ICO aberration playbook, Ripple has appear yet addition partnership. This leaves abounding investors apprehensive about what affectionate of absolute appulse the new affiliation will have.
The advertisement of partnerships was a huge disciplinarian for aberrant badge valuations during 2024’s balderdash run fuelled by ICO speculation. However, it has afresh been appear that Ripple’s much-lauded Moneygram affiliation is mostly smoke and mirrors, in the aforementioned fashion.
Ripple appear its affiliation with Moneygram amidst abundant advertising that Ripple and Moneygram were activity to advance blockchain to accommodate cross-border payments. XRP investors accept waited for Moneygram to actualize appeal for XRP tokens to no avail.
The accuracy is that Moneygram is haemorrhaging money, and alike admitting Ripple absolutely paid Moneygram 11 million to use Ripple tech, Moneygram still acquaint quarterly losses of 9 million.
This account has appear to ablaze aloof as Ripple CEO Brad Garlinghouse publicly admitted that Ripple would not be assisting after auctioning XRP tokens on retail investors in adjustment to accomplish profits for shareholders. This is a arbiter case of misaligned incentives of blockchain tokens against aggregation equity.
XRP investors accept bidding annoyance with Ripple’s connected auctioning of XRP, accept threatened to angle the network, and alike filed a class activity lawsuit adjoin the company. Is this latest affiliation aloof added of the aforementioned affectionate of pump marketing?
Do you anticipate Ripple partnerships authority any appliance anymore? Let us apperceive in the comments below!
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