Oman’s second largest bank by market value, BankDhofar, has begun using RippleNet technology for cross-border payments to India. The news was tweeted by the managing director of South Asia and MENA at Ripple, Navin Gupta, on Feb. 16.
RippleNet is a global blockchain-based payment network of institutional payment providers, that was developed by technology company Ripple. In January, RippleNet expanded its network to over 200 customers, including such industry players as JNFX, SendFriend, Transpaygo, FTCS and Euro Exim Bank.