Morocco's largest bank, Attijariwafa Bank, is one of the latest giant institutions to join the RippleNet network. Morocco's leading banking services operator has chosen American blockchain company Ripple as a partner to develop an international cross -border payment system.
Local reports revealed that Attijariwafa Bank has become a member of the RippleNet ecosystem. By joining the world of crypto, Moroccan financial institutions have strengthened their position as a leader in innovative banking in the North African region. . With this, Attijariwafa Bank's banking partners can transact with each other from anywhere in the world.
Adnane Driouech who is the corporate manager at the bank stated that his company has sought to enter the modern technology industry by launching several initiatives for over a year. RippleNet’s joint participation and blockchain integration is a milestone for Attijariwafa Bank.
"With RippleNet, a blockchain system is used and it's a quick and easy way to receive funds." - Adnane Driouech
At the same time, Attijariwafa Bank confirmed that they are also working with Thunes which is also a member of the RippleNet network. This cooperation will be particularly beneficial for Moroccans living in the United Kingdom and the Netherlands.
A few months ago, the blockchain project joined forces with another banking institution, The Royal Monetary Authority (Bhutan’s central bank). Their main goal is to launch a central bank digital currency in Asian countries.
The Royal Monetary Authority expects this integration to increase digital payments, cross -border payment transactions as well as expand financial inclusion efforts by 85% by next year. As the only carbon negative country in the world, Bhutan is heavily focused on green initiatives. Thus, Ripple explains that the CBDC solution could be a match for its goal of becoming a carbon neutral state.
