Ripple winning the escrow router business

The move, by the United Arab Emirates biggest lender, will further legitimise and prove Ripple’s business and its bid to make cross border transfers quicker and free.Ultimately Ripple (specifically RippleNet) could make antiquated bank transfers like the SWIFT system redundant – vastly improving customer experience.A Ripple statement said: “Today, we’re proud to announce that The National Bank of Abu Dhabi (NBAD) has become the first bank in the Middle East to use Ripple’s solution to provide real-time cross-border payments to its customers. “Through Ripple, NBAD customers have an efficient, secure and reliable channel to make immediate international remittances and payments between regional markets.”