Share this article
Abu Dhabi Bank Partners with Ripple for Cross-Border Payments
Abu Dhabi’s largest bank has begun offering a new cross-border transaction service in partnership with distributed ledger startup Ripple.
By Stan Higgins
Updated Dec 11, 2022, 1:56 p.m. Published Feb 1, 2017, 2:14 p.m.
Abu Dhabi’s largest bank has begun offering a new cross-border transaction service in partnership with distributed ledger startup Ripple.
The National Bank of Abu Dhabi (NBAD), the emirate’s biggest bank and one of the largest in the UAE, said today that it has integrated Ripple’s technology into its own systems, allowing for intrabank transfers for NBAD customers.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Vineet Varma, NBAD’s managing director and head of global transaction banking, said in a statement:
“We’re always exploring new ways to enhance our customers’ experience. With blockchain, we hope that we could address the needs of our customers and drive forward more efficient and flexible service. Embracing technologies like blockchain is a step in right direction for our customers.”
The announcement is perhaps the most notable development around the tech to emerge from Abu Dhabi to date.
The bank is the first of its kind within the Middle East to offer a service based on distributed ledger tech. It follows moves by regulators in the emirate to attract blockchain startups to the region. Enterprises such as the Abu Dhabi Stock Exchange have also explored concepts like blockchain-based voting.
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Ripple.
Image via Wikimediahttps://upload.wikimedia.org/wikipedia/commons/3/3e/National_Bank_of_Abu_Dhabi_01_977.JPG
Más para ti
Lo que debes saber:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Más para ti
IREN Raises $2.3B, Repurchases Debt in Balance Sheet Overhaul
The bitcoin miner extended maturities, reduced coupon costs and strengthened its capital structure.
Lo que debes saber:
- IREN completed a refinancing deal involving a $2.3 billion convertible senior notes offering and a $544.3 million repurchase of existing notes.
- The new notes include $1 billion of 0.25% notes due 2032, $1 billion of 1% notes due 2033, and a $300 million greenshoe allotment.
- The transactions provided $2.27 billion in net proceeds, reduced IREN's cash coupon burden, and extended its debt maturity profile.
Top Stories
