Ripple: Oman’s Second Largest Bank Extending RippleNet on Mobile App, Successfully Tested to India

Bank Dofhar

Ripple: Oman’s Second Largest Bank Extending RippleNet on Mobile App, Successfully Tested to India

While Ripple continued its partnership with international fintech players and crypto trading platforms, Omanian based BankDhofar has extending RippleNet support to its Mobile App as well. It’s quite important to note that BankDhofar is already a RippleNet customer since April 30, 2018.

Instant Cross Border Mobile Banking Transfer

BankDhofar is the second largest bank of Oman in terms of market value. The bank on February 17, 2019, took to Twitter stating that they hit ‘international Instant Transfer service via its mobile App’.

The news gets quick attention from the vast audience of Twitter, especially XRP enthusiasts. The announcement claims that BankDhofar is the first bank in the region to provide ‘international instant transfer through Mobile Banking. Moreover, it has also revealed that they have successfully tested ‘international transactions’ to India in less than 2 minutes. RippleNet is a product of Ripple Blockchain firm which helps bank process cross-border transaction within seconds meantime at less cost. Per the official Ripple’s announcement in early Jan this year, RippleNet surpassed 200 customers.

“Customers will be able to transfer money abroad instantly using BankDhofar Mobile banking App. Ripple’s leading Blockchain solution for cross-border payments, including its bi-directional messaging and instant settlement features, enables BankDhofar to save customer’s time when sending payments overseas, using BankDhofar Mobile banking App”.

Additionally, BankDhofar is proudly the prime banking Sultanate to adopt RippleNet technology. Besides the bank, Navin Gupta, the managing director of ripple for South Asia and MENA also confirmed ‘non-resident Indians (NRIs) in Oman can avail the mobile service of BnakDhofar for money transfer in real-time.

What do you think of RippleNet service via Mobile Banking? Share your opinion with us.

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Oman’s Second Largest Bank Extending RippleNet on Mobile App, Successfully Tested to India
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Oman’s Second Largest Bank Extending RippleNet on Mobile App, Successfully Tested to India
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While Ripple continued its partnership with international fintech players and crypto trading platforms, Omanian based Bank Dhofar has extending RippleNet support to its Mobile App as well. It’s quite important to note that Bank Dhofar is already a RippleNet customer since April 30, 2018.
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Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]coingape.com

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Tabassum is a full-time content writer at Coingape. Her passion lies in writing and delivering apt information to users. Currently, she does not hold any form of cryptocurrencies. Follow her on Twitter at @Tabassumnaiz and reach out to her at Tabassum[at]coingape.com

Follow Tabassum @