Finablr Partners with Ripple for Blockchain Powered Cross-Border Remittances

A partnership has been signed between the UAE-headquartered payments and foreign exchange company, Finablr with Ripple to establish a blockchain powered cross-border remittance to Thailand. The executive director of Finablr, Promoth Manghat explained, “The adoption of blockchain opens up the considerable potential to streamline remittances and provide a frictionless, fast and secure payments experience.”

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Finablr Partners with Ripple for Blockchain Powered Cross-Border Remittances

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

Blockchain 101 · Crytpo Currency Market
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