Filipino banking firm, ChinaBank has joined forces with Qatar National Bank (QNB) to facilitate direct transfer from Qatar to the Philippines using the RippleNet payment solution.
ChinaBank said the collaboration is aimed at providing improved financial services to Filipino that have been deployed to work overseas post-Covid 19. With Ripple’s On-Demand Liquidity (ODL), both banks can enable instant settlements using XRP, doing away with the need for conventional correspondent banking relationships and the costs and delays that go along with them.
ChinaBank discussed their #Ripple use with QNB for remittances from Qatar to the Philippines in their latest annual report.https://t.co/YvHrbewR7C pic.twitter.com/KjaXuHom94
— WrathofKahneman (@WKahneman) April 29, 2023
According to the announcement, customers can effortlessly open an OKS Account with no initial deposit by using the China Bank START app on their smartphone.
Interestingly, QNB serves as Ripple’s principal partner in the
We współpracy z: https://coingape.com/chinabank-tap-ripples-odl-for-remittance-in-partnership-with-qnb/
