The National Bank of Abu Dhabi (NBAD) announced that it has become the first bank in the Middle East and North Africa to introduce real-time, cross-border payments on blockchain, thanks to its partnership with Ripple, a U.S. company specializing in blockchain.
The NBAD now joins a growing list of banks around the world that have adopted the technology, including Santander, Standard Chartered and Unicredit. According to Reuters, Standard Chartered is also an investor in Ripple.