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Author Topic: [2018-05-29] Kuwait Finance House joins Ripple’s blockchain network  (Read 40 times)
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May 29, 2018, 12:31:22 PM
 #1

Kuwait Finance House (KFH) has become the first bank in Kuwait to join Ripple’s blockchain network.

Read more: https://www.econotimes.com/Kuwait-Finance-House-joins-Ripples-blockchain-network-1335460
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May 29, 2018, 02:58:02 PM
 #2

Kuwait Finance House (KFH) has become the first bank in Kuwait to join Ripple’s blockchain network.

Read more: https://www.econotimes.com/Kuwait-Finance-House-joins-Ripples-blockchain-network-1335460

So another bank joined this network which already include UBS, RBC, Bank of America, Credit Agricole, Standard Chartered, Westpac, Mizuho Financial Group, UniCredit S.p.A., BMO. and Santander.
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Kuwait Finance House is the first Islamic bank established in 1977 in the State of Kuwait. Its banking network spans across seven regions worldwide
The best part is that an Islamic bank is getting closer to the crypto-world, not bad as a start.



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May 29, 2018, 03:39:16 PM
 #3

The best part is that an Islamic bank is getting closer to the crypto-world, not bad as a start.

It can be seen as quite a coup, if you consider that Kuwait's currency is the strongest in the world (when it comes to a national fiat currency, and in direct terms of value per unit). I'm actually familiar with this bank of all in the list above as they opened several branches in my country from even the mid-2000s. Almost chiefly Islamic finance products.

There's also an Islamic digital bank based in Kuala Lumpur in the midst of its crowdfunding. I know it can seem like a niche industry now but remove the religious connotations and you've got a system of banking that is already a step removed from the interest-bearing and high risk models of concentional banking/finance... it's actually pretty logical to see blockchain and cryptocurrency as a natural upgrade for them.

Now if they would only start accepting Bitcoin.

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May 30, 2018, 06:38:18 PM
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This is great news for Ripple! I believe that we will soon see the arrival of serious institutional investors from the Gulf countries to the crypto market. Another issue is how it will affect the value of cryptocurrencies.

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May 31, 2018, 01:00:03 AM
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Ripple is constantly announcing new partnerships. This is a great success for ripple, but it is interesting that despite such news, the price of coin never increases. I think it's gonna make a big leap all of a sudden in the future.

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June 01, 2018, 04:04:28 AM
 #6

Kuwait Finance House (KFH) wants to capitalize on the centralized features of ripple this coin will go to places in the nearest future as more financial institutions are getting involved in XRP thus the market capitalization will increased as well as its market volume traded.



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