{"id":13076,"date":"2021-11-02T15:31:18","date_gmt":"2021-11-02T14:31:18","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=13076"},"modified":"2021-11-02T15:31:29","modified_gmt":"2021-11-02T14:31:29","slug":"ripple-powered-usd-settlement-service-for-corporate-clients-is-now-available-from-saudi-british-bank","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/ripple-powered-usd-settlement-service-for-corporate-clients-is-now-available-from-saudi-british-bank\/","title":{"rendered":"Ripple-powered USD settlement service for corporate clients is now available from Saudi British Bank"},"content":{"rendered":"\n<h5 class=\"wp-block-heading\">The Saudi British Bank has stated that it would use Ripple's technology to enable immediate <a href=\"https:\/\/coinscreed.com\/staging\/usdc-reserves-policy-to-be-effective-by-september.html\" data-type=\"post\" data-id=\"8512\">USD <\/a>settlements to its business clients.<\/h5>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"954\" height=\"639\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/11\/image-9.png\" alt=\"Ripple-powered USD settlement service for corporate clients is now available from Saudi British Bank\" class=\"wp-image-13081\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/11\/image-9.png 954w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/11\/image-9-300x201.png 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/11\/image-9-768x514.png 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/11\/image-9-750x502.png 750w\" sizes=\"(max-width: 954px) 100vw, 954px\" \/><\/figure>\n\n\n\n<p>This is the third corridor that has been opened thanks to Ripple's assistance. The San Francisco-based firm also assisted <a href=\"https:\/\/www.google.com\/search?q=Ripple-powered+USD+settlement+service+for+corporate+clients+is+now+available+from+Saudi+British+Bank&oq=Ripple-powered+USD+settlement+service+for+corporate+clients+is+now+available+from+Saudi+British+Bank&aqs=chrome..69i57.1103j0j7&sourceid=chrome&ie=UTF-8\" data-type=\"URL\" data-id=\"https:\/\/www.google.com\/search?q=Ripple-powered+USD+settlement+service+for+corporate+clients+is+now+available+from+Saudi+British+Bank&oq=Ripple-powered+USD+settlement+service+for+corporate+clients+is+now+available+from+Saudi+British+Bank&aqs=chrome..69i57.1103j0j7&sourceid=chrome&ie=UTF-8\" target=\"_blank\" rel=\"noopener\">Saudi British Bank<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a> in the establishment of remittance corridors to India and <a href=\"https:\/\/coinscreed.com\/staging\/sri-lankas-central-bank-completes-proof-of-concept-kyc-platform.html\" data-type=\"post\" data-id=\"12896\">Sri Lanka<\/a> in 2019. Brooks Entwistle of <a href=\"https:\/\/coinscreed.com\/staging\/ripple-partners-with-nelnet-in-a-44m-esg-investment-deal.html\" data-type=\"post\" data-id=\"12123\">Ripple <\/a>argues that the partnership's expansion would help both businesses and consumers in the region:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>We're excited to bring this to market in partnership with <a href=\"https:\/\/coinscreed.com\/staging\/avalanche-and-polkadot-increases-despite-low-global-trading-volumes.html\" data-type=\"post\" data-id=\"9728\">SABB <\/a>and to continue our longstanding partnership to the benefit of corporates and consumers alike in the region.<\/p><\/blockquote>\n\n\n\n<p>The Middle East, according to Ripple CEO Brad Garlinghouse, is the company's fastest-growing area.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>Ripple CEO Brad Garlinghouse says the Middle East is the company's fastest growing region #<a href=\"https:\/\/coinscreed.com\/staging\/xrp-gains-momentum-with-a-7-increase-as-ripple-unveils-new-odl-partnership.html\" data-type=\"post\" data-id=\"12848\">XRP <\/a>pic.twitter.com\/tHInXiRuy5\u2014 \ud835\uddd5\ud835\uddee\ud835\uddfb\ud835\uddf8XRP (@BankXRP) October 29, 2021<\/p><\/blockquote>\n\n\n\n<p><a href=\"https:\/\/u.today\/saudi-british-bank-launches-ripple-powered-usd-settlement-service-for-corporate-clients\" target=\"_blank\" rel=\"noreferrer noopener\"><span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Saudi British Bank has stated that it would use Ripple&#8217;s technology to enable immediate USD settlements to its business clients. This is the third corridor that has been opened thanks to Ripple&#8217;s assistance. The San Francisco-based firm also assisted Saudi British Bank in the establishment of remittance corridors to India and Sri Lanka in [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":13081,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[5310,5311],"class_list":["post-13076","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ripple-powered-usd","tag-saudi-british-bank"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/11\/image-9.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/13076","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=13076"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/13076\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/13081"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=13076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=13076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=13076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}