A direct remittance service has been introduced by Ripple partner QNB for fund transfer from Qatar to the Philippines, marking a historic development.
It now holds the distinction of being Qatar’s first bank to provide the service. To provide this service, QNB will connect with China Bank, one of the leading private banks in the Philippines, using Ripple’s financial technology, “RippleNet.”
Ripple and QNB service focuses on easy remittance
With the new service, the bank hopes to provide its customers with a simple method for sending money abroad as well as a speedy and improved cross-border money transfer choice.
The service will let users immediately transmit payments up to PHP50,000 to any bank in the Philippines. It primarily serves Filipinos living in Qatar.
“QNB is our biggest partner in the MENA region and we are delighted to continuously strengthen this partnership on RippleNet to additional countries,” says Navin Gupta, South Asia, and MENA Ripple, MD.
Over the weekend, the on-chain analytics company Santiment reported: “Recently, XRP has been leading the #altcoin pack, and over the past week, some significant milestones have been reached.
This week, there have also been many sizable active address increases that have fired off, as well as sizable dormant token transfers.”
The Court has entered an Order establishing July 28, 2022, as the deadline, whereby any non-parties should progress to seal portions of the Daubert Motions or else revoke objections to the Court’s final decision on the Parties’ sealing applications, according to the most recent updates on the Ripple lawsuit provided by defense attorney James K. Filan.
The SEC’s petition to submit a 10-page reply brief in conjunction with its objection to Judge Netburn’s decision regarding the Hinman Speech materials was allowed, but its move to issue a 30-page opening brief was refused (limited to 20 pages).
The SEC also filed a Motion to Seal in relation to the “Daubert Motions” that were submitted on July 12 by the Ripple Defendants and the SEC.