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Oman Banking Sector Makes Connection With Ripple
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Oman Banking Sector Makes Connection With Ripple

According to the official Ripple Twitter page (@Ripple) Bank Dhofar, have become the first bank in Oman to join RippleNet for the facilitation of instant cross boarder payments via the Ripple blockchain. According to the initial tweet by Bank Dhofar:
“#BankDhofar First Bank in Oman to Join RippleNet for Instant Blockchain Payments, this step will enable BankDhofar to provide instant, frictionless and secure cross border money transfers within seconds, with end-to-end visibility over the journey of the payment”
Bank Dhofar are based on Muscat, Oman. They are responsible for corporate, retail and investment banking activities operating through investment banking, corporate banking and, treasury and investments. The bank also provides services for loans, credit and insurance. Whilst they are by no means the biggest bank in the world, they do have over 60 branches in Oman and are indeed considered to be one of the fastest growing financial services institutions in the Sultanate. This is great news for Ripple and continues to add solid foundations to Ripples already huge bank of partnerships. By becoming the first bank in Oman to operate this way, many more people now have access to services via the Ripple blockchain. The long and short of it is, this provides another route for the integration of more Ripple services, such as xVia and of course, the native currency, XRP. Whilst we are here, let’s take a look at Ripple today. After sustaining some damage yesterday, it does seem that Ripple XRP is starting to make tracks in the right direction. Yesterday we saw Ripple stoop to $0.807, this was a significant decline from the April peak of $0.953 as seen earlier on last week. Now, at the time of writing, Ripple XRP is valued at $0.842 and is up 2.66%. Overall, this positive trend does exist market-wide and therefore steady gains within XRP are expected to last throughout the day. At this current rate, we can’t expect to see XRP hit $1.00 any time soon, however even small additions in value will provide some comfort to the Ripple community. On a slightly more novel note, if you’re a bit creative and reckon you can craft the perfect Ripple meme, you could win yourself some free tickets to see Snoop Dogg at the Ripple community night, taking place on the 15th of May 2018- https://ripple.com/insights/xrp-community-comes-together-for-blockchain-week/ I wonder if Snoop Dogg has agreed to jump on board yet?

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Thomas Ramsay

Technically, the essence of cryptocurrency is gambling. Investment is a form of gambling so actually, you’ve always been able to gamble on the blockchain.

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