Reece Merrick, managing director for the Middle East and Africa at Ripple, stated:
Later in the X post, Merrick noted:
“Together with Jeel, we’ll explore use cases for cross-border payments, digital asset custody, and tokenization in support of the Vision 2030 agenda.”
“I am excited to help shape the future of Saudi Arabia’s financial infrastructure!” the Ripple executive concluded.
FAQ ⏰ What is Ripple’s new partnership in Saudi Arabia? Ripple is partnering with Jeel, the innovation arm of Riyad Bank, to advance blockchain initiatives aligned with Vision 2030. Which blockchain use cases will Ripple explore with Jeel? The partnership will focus on cross-border payments, digital asset custody, and tokenization. How does this partnership support Vision 2030? The collaboration aims to modernize Saudi Arabia’s financial infrastructure through scalable blockchain applications. Why is Saudi Arabia important to Ripple’s strategy? Saudi Arabia is positioning itself as a global hub for financial technology and digital innovation.
