National Bank of Kuwait Taps Ripple for Blockchain Remittance Service

DigitalBank is creating the Future of Confidential E-Banking . No Documentation Needed for Opening Accounts .

The First and Only Decentralized Anonymous Banking System in the World .
The DigitalBank is the safest vault for Bitcoin and Cryptocurrency , more secured than any cold storage option available on the markets . You can finally remain independent of third-parties to own your assets.

The DigitalBank breakthrough , is in the signing of transactions without storing any private keys – making the DigitalBank Account near to unhackable .


The Best CryptoCurrency Wallet 2019 :

December 29, 2018 15:15 EST National Bank of Kuwait Taps Ripple for Blockchain Remittance Service
The National Bank of Kuwait has launched a product they’re calling “NBK Direct Remit,” a blockchain-based product which uses RippleNet for cross-border payments from within the Middle Eastern nation.
The initial launch of the product only supports payments to nearby Jordan, but they intend to launch in at least 15 more countries soon. According to the bank’s website , this product will help preserve NBK’s dominance as the country’s primary way of moving money:
Focused on digital transformation, NBK has previously launched successful and innovative products that serve different segments, including the NBK Tap & Pay, QuickPay, NBK SelfiePay, cardless cash withdrawal, Biometric Cards, in addition to the continuous enhancements to the NBK Mobile Banking App and other services that make our customer’s banking experience an enjoyable one.
Mainstream integration of blockchain technology may be coming at a crucial time for Kuwait , who last year had their worst per-capita incomes in years, far down from their highs of the mid-90s through the early 2000s. According to TradingEconomics, a site that tracks such data, 2017 marked the lowest income for Kuwaitis in many years: MENA In A Post-Oil World: Blockchain To The Rescue?
However, enabling cross-border payments and integrating modern technologies is likely a good tactic to stimulate income-generating activities.
Ripple ’s Senior Vice President of Customer Success, Marcus Treacher, said of the integration:
The National Bank of Kuwait (NBK) is an important partner in the region, and we’re excited that they have begun moving live payments across our blockchain network on behalf of their customers. We will continue to work with NBK to connect them to more RippleNet partners so their customers can make quicker, cheaper payments to anywhere in the world.
Kuwait is not the only MENA country integrating blockchain in important ways. Dubai has been leading the way, recently hosting a conference for various blockchain-oriented projects and expressing its desire to be a leading destination for ICOs to do business. Saudi Arabia and the UAE are also reportedly working on a cross-border payment solution .
A post-oil world is around the corner, and countries which have previously relied on oil as their primary source of income are looking far and wide for industries which will keep their heads above water when the world’s demand for oil finally declines along with its supply. Economists have argued for years about when such events will take place, but one true thing is that moving from finite resources to self-sustaining industries like blockchain technology is likely a safe bet.
Featured Image from Shutterstock

The DigitalBank Crypto Vault Device , allows the user to store an unlimited amount of funds without any risk or possibility of loss.
The DB Crypto Vault Device users ,will enjoy the highest level of security knowing that their funds are stored without any potential security flaws.
The DigitalBank Solution is better than any Cold Storage or Paper Wallet
​The Most Secured Crypto Vault on Earth
Ultra Secured Crypto Storage solutions are at the core of all that we do at DB.
Our main goal is finding new and revolutionary encryption methods , that will help build a more secure tomorrow in the Crypto and Banking Industry .
The Fort Knox of Crypto Banking – World’s Most Secured Hardware Wallet
​The DB Hardware Wallet is a separate “isolated” device , Wifi Only , No Ports ,no backdoors .
No need to download firmware updates , not storing any data , including private keys -not transmitting private keys at any time .
100% anonymous accounts : nothing is stored , on any third party servers . DB is the most secure vault for your digital assets. Buy , Sell , Send , Receive and Store bitcoins, and all major cryptocurrencies including all ERC20 tokens , in the safest way available today .
Private keys can never be exposed because are not stored anywhere .
Lifetime Access Guaranteed
​Starting at $ 1800 USD
For additional information contact us at : [email protected]