National Commercial Bank of Saudi Arabia Joins Forces with RippleNet36.69

When it was authorized as the first established bank in Saudi Arabia, the National Commercial Bank (NCB) was slated to become the largest financial institution in the Middle East. Sixty-five years and 400 branches later, the Kingdom of Saudi Arabia (KSA) has joined forces with Ripple’s cryptocurrency enterprise.

The KSA has a reputation for adorning economic growth and embracing experimental platforms. Enter Vision 2030, Saudi Arabia’s financial reform plan. While its commitment to lateral markets established the country as a leading global entity for remittances, the Saudi Council of Economic Affairs and Development believes privatization is the key to providing better healthcare, education and transportation.

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