Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Bank Asia of Bangladesh Joins RippleNet

Bank Asia of Bangladesh Joins RippleNet

Kelly Cromley by Kelly Cromley
Feb 14, 2020
in Market News, News, Ripple News
Reading Time: 2 mins read
0

Bank Asia, headquartered in Bangladesh, has partnered with Ripple’s RippleNet, which offers real time gross settlement system based on blockchain technology. The collaboration came to limelight recently after a twitterati queried about the Bank Asia logo in a document published by Ripple.

Nevertheless, the collaboration seems to be more than a month old, as the document was published in December 2019.

The logo of Bank Asia is seen on a document providing instances of RippleNet users, along with American Express, Santander, Send Friend, MoneyGram, SABB, Standard Chartered and SBI Group.

The LinkedIn profile of Khandaker Mujahidul Islam, head of Bank Asia’s foreign remittances division, indicates that he is working on merging the institution’s platform with Ripple’s trans-border dealing platform xCurrent since March 2018.

In the description of the project, he writes that he aims:

“To connect the Bank into the Ripple network where numbers of banks and MSBs are connected. End result is a block-chain based networks facilitating real time remittance transfers.”

Bank Asia Limitedが新たにRippleNetさ!

ここはバングラデシュの商業銀行で総資産は約4兆、日本の地銀なら中の上といった規模だね!

バングラデシュの他パートナーにはbkashもいるし、
経済成長中の南アジアでもRippleNetが広まりを感じるね! pic.twitter.com/UnQwseePrs

— カエサル・ナルシスト (@crypto_narcist) February 10, 2020


There are 2,256 staffs working for the Bank Asia, which was established in 1999. Furthermore, the bank has 128 branches and 3,186 outlets.

At the end of December 2017, total assets of the bank stood at roughly 289 billion Bangladeshi takas (~$3.4 billion). More importantly, the bank claims to have handled about 52 million Bangladeshi takas (more than $609 million) during the same period.

Ripple’s financial framework is getting popular day by day. Recently, the National Bank of Egypt inked a cooperation contract with Ripple to setup new pathways for inward payments.

Earlier in February, Ripple also entered into a new collaboration with remittances firm International Money Express to boost trans-border payments between the US and Mexico.

Previous Post

DTCC Suggests Creation of Blockchain Powered Security Infrastructure for Financial Industry

Next Post

IDC – Middle-East & Africa’s Blockchain Spending to Increase 400% by 2023

Related Posts

Ripple and SEC Press Judge Torres to Approve Settlement Ending XRP Case

Ripple and SEC Press Judge Torres to Approve Settlement Ending XRP Case

by Mostafijur Rahman
Jun 19, 2025
0

After nearly four years of legal battles, Ripple Labs and the U.S. Securities and Exchange Commission (SEC) have jointly submitted...

hedera-partners-with-binary-holdings

Hedera Teams Up with The Binary Holdings for Southeast Asia Push

by Kelly Cromley
Jun 19, 2025
0

The Hedera Foundation has announced a significant partnership with The Binary Holdings, a leading Web3 distribution infrastructure firm, to bring...

zerohash-supports-polkadot-assets

Zerohash Expands Support for Polkadot-Based Assets

by Kelly Cromley
Jun 19, 2025
0

Zerohash, a prominent infrastructure provider in the digital asset space, has officially announced the extension of its platform capabilities to...

fc-barcelona-unveils-web3-wallet-barca-pass

FC Barcelona Unveils Web3 Wallet Barça Pass to Elevate Global Fan Engagement

by Kelly Cromley
Jun 19, 2025
0

FC Barcelona has launched its first official Web3 wallet, known as Barça Pass, marking a significant step in integrating blockchain...

antix-partners-with-gain-ventures-to-accelerate-web3-growth

Antix and Gain Ventures Join Forces to Accelerate Web3 Growth

by Kelly Cromley
Jun 19, 2025
0

Aiming to shape the next wave of innovation in decentralized technology, Antix has unveiled a new strategic partnership with Gain...

trusty-blockchain-platform-for-agri-food-supply-chain-tracking

Blockchain Boosts Cocoa Traceability Amid EU Sustainability Push

by Kelly Cromley
Jun 19, 2025
0

In response to the mounting regulatory pressures within the European Union, particularly around sustainability and deforestation, a Bologna-based startup named...

Next Post
IDC - Middle-East & Africa’s Blockchain Spending to Increase 400% by 2023

IDC - Middle-East & Africa’s Blockchain Spending to Increase 400% by 2023

  • Collé Ai

    Collé: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • Blockchain Based Sports Platform SportsMint Unveiled

    by Kelly Cromley
    Apr 30, 2024

Recent News

Ripple and SEC Press Judge Torres to Approve Settlement Ending XRP Case
Market News

Ripple and SEC Press Judge Torres to Approve Settlement Ending XRP Case

by Mostafijur Rahman
Jun 19, 2025
hedera-partners-with-binary-holdings
Market News

Hedera Teams Up with The Binary Holdings for Southeast Asia Push

by Kelly Cromley
Jun 19, 2025
zerohash-supports-polkadot-assets
Market News

Zerohash Expands Support for Polkadot-Based Assets

by Kelly Cromley
Jun 19, 2025
fc-barcelona-unveils-web3-wallet-barca-pass
Market News

FC Barcelona Unveils Web3 Wallet Barça Pass to Elevate Global Fan Engagement

by Kelly Cromley
Jun 19, 2025
antix-partners-with-gain-ventures-to-accelerate-web3-growth
Market News

Antix and Gain Ventures Join Forces to Accelerate Web3 Growth

by Kelly Cromley
Jun 19, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market Forecasts
  • Market News
  • News
  • Ripple News
  • Solana News
  • Tether News
  • XRP
Trustpilot

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree