Kuwait Finance Corporation uses blockchain technology to achieve instant cross-border remittance services

On April 24th, Kuwait Financial Corporation (KFH) played a leading role in real-time cross-border remittance services using Ripple's blockchain technology. In addition, it participates in advanced training programs on blockchain technology to develop blockchain talent. Earlier, on February 14, Kuwait’s Al Ahli Bank (ABK) announced a partnership agreement with financial technology company Ripple to provide ABK's instant cross-border payment services to customers inside and outside Kuwait.