RAKBANK recently unveiled information on cooperation with the Philippine BDO Unibank. As it turned out, the Ripple tool will be involved there.
Ripple, RAKBANK and BDO Unibank team up for remittances in the Philippines: Details
Ripple partner RAKBANK recently announced that it will cooperate with BDO Unibank in the Philippines. The purpose of the partnership is to enable money transfers in this country. As it turned out, the payment instrument Ripple RippleNet will be used in this partnership. And in full. Thanks to RippleNet, the banking services of RAKMoneyTransfer (RMT) now allow customers to provide instant, reliable and secure money transfer services to any bank account in the country.
According to Peter England, RAKBANK CEO, the financial institution team seeks to increase its volume in the field of money transfers. Thus, she is very pleased to expand services in the Philippines through her collaboration with BDO Unibank. Thanks to this, labor migrants living in the UAE will be able to safely and quickly transfer money home at competitive rates. There will also be zero internal commission, as well as the absence of various hidden surcharges. BDO Unibank highlighted the benefits it has received since joining RippleNet. The bank also confirmed that RippleNet has expanded its business to financial institutions and customers around the world.
It was previously known that Ripple XRP was added to the CCryptoEx listing.