Ripple’s expansion continues with a new partnership withEgypt’s national bank in order to implement remittance payments.

The National Bank of Egypt will team up with Ripple with a view to using the XRP blockchain-based payment network RippleNet to make quicker and less expensive cross-border payments easier.

The bank will be the first in Egypt to offer such a product.

The NBE see the main benefits of using RippleNet for faster transaction time and lower rates.

The value of XRP has increased in since the news with the price hitting a high of $0.33 earlier today.

XRP hit a high of $0.33 earlier today.

Price is currently $0.31 cents

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