{"id":7303,"date":"2018-05-27T03:09:47","date_gmt":"2018-05-27T03:09:47","guid":{"rendered":"https:\/\/www.legitgambling.com\/news\/?p=7303"},"modified":"2018-05-27T03:09:47","modified_gmt":"2018-05-27T03:09:47","slug":"kuwait-finance-house-joins-ripple-network","status":"publish","type":"post","link":"https:\/\/www.legitgambling.com\/news\/kuwait-finance-house-joins-ripple-network\/","title":{"rendered":"Kuwait Finance House Joins Ripple Network"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-2151 alignleft\" src=\"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2017\/12\/ripple.jpg\" alt=\"\" width=\"380\" height=\"250\" \/>Kuwait Finance House, a global leader in Islamic Banking, has joined RippleNet to use the latter\u2019s blockchain technology to perform cross-border fund transfer. The use of <a href=\"https:\/\/www.legitgambling.com\/cryptocurrency\/ripple\">Ripple\u2019s blockchain is expected <\/a>to further bolster the bank\u2019s Sharia compliant products. Kuwait Finance House is the first financial institution in Kuwait to use RippleNet\u2019s real-time gross settlement system based on blockchain technology.<\/p>\n<p>Clients of Kuwait Finance House will be able to make international payments with extremely low transfer fees.<\/p>\n<p>Kuwait Finance House operates in seven regions, has 485 branches, 1,000 ATM\u2019s and more than 15,000 employees. Notably, the UAE stockexchange, and Central bank of Saudi Arabia are prominent middle-east based institutions, which have joined the RippleNet in the recent past.<\/p>\n<p><center><\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">KFH is the First Bank in Kuwait to Join RippleNet for cross-boarder Instant Payments utilizing blockchain technology<\/p>\n<p>\u2014 Kuwait Finance House (@KFHGroup) <a href=\"https:\/\/twitter.com\/KFHGroup\/status\/1000347465080541184?ref_src=twsrc%5Etfw\">May 26, 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<\/center><\/p>\n<p>Ripple, however, is yet to clarify whether Kuwait Finance house will use xRapid or xCurrent system for payment transfers.<\/p>\n<p><strong>Ripple <\/strong>has stated<\/p>\n<blockquote><p>\u201cThis is great news for the Kuwait Finance House, as it continues to add solid foundations to the major banking partnerships. The fact that KFH is the first bank in Kuwait to operate in this way will pave the way for more customers to access services through the RIBL network\u201d<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Kuwait Finance House, a global leader in Islamic Banking, has joined RippleNet to use the latter\u2019s blockchain technology to perform cross-border fund transfer. The use of Ripple\u2019s blockchain is expected to further bolster the bank\u2019s Sharia compliant products. Kuwait Finance House is the first financial institution in Kuwait to use RippleNet\u2019s real-time gross settlement system [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[68],"tags":[],"class_list":["post-7303","post","type-post","status-publish","format-standard","hentry","category-cryptocurrency"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Kuwait Finance House Joins Ripple Network<\/title>\n<meta name=\"description\" content=\"Kuwait Finance House, a global leader in Islamic Banking, has joined RippleNet to use the latter\u2019s blockchain technology to perform cross-border fund transfer.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.legitgambling.com\/news\/kuwait-finance-house-joins-ripple-network\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kuwait Finance House Joins Ripple Network\" \/>\n<meta property=\"og:description\" content=\"Kuwait Finance House, a global leader in Islamic Banking, has joined RippleNet to use the latter\u2019s blockchain technology to perform cross-border fund transfer.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.legitgambling.com\/news\/kuwait-finance-house-joins-ripple-network\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-27T03:09:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.legitgambling.com\/news\/wp-content\/uploads\/2017\/12\/ripple.jpg\" \/>\n<meta name=\"author\" content=\"Cameron Bishop\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" 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