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Ripple Partners with Saudi Arabian Monetary Authority (SAMA) & Confirms Western Union Using XRP

4,264 views · Published 14 February 2018 · 4:59 · Indexed 25 September 2026

Channel: Thinking Crypto · 2018 · Science & Technology

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SAMA
The Saudi Arabian Monetary Authority (SAMA) — the central bank for the Kingdom of Saudi Arabia (KSA) — has signed an agreement with Ripple to help banks in the KSA improve their payments infrastructure using xCurrent.
This ground-breaking pilot program is the first of its kind to be launched by a central bank. Participating banks from the KSA will use xCurrent to instantly settle payments sent into and out of the country, with greater transparency and lower costs.
SAMA’s recent adoption of xCurrent, makes it the second central bank to use blockchain technology to revolutionize payments, following the Bank of England’s successful proof of concept with Ripple in 2017.
Western Union
Ripple announced on their Twitter profile that Western Union is using xRapid which uses XRP in payment flows!

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