CIB Archives - Coin Engineer https://coinengineer.net/blog/tag/cib/ Btc, Coins, Pre-Sale, DeFi, NFT Tue, 20 Feb 2024 13:56:01 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png CIB Archives - Coin Engineer https://coinengineer.net/blog/tag/cib/ 32 32 Ripple Partners with New Bank: CIB https://coinengineer.net/blog/ripple-partners-with-new-bank-cib/ https://coinengineer.net/blog/ripple-partners-with-new-bank-cib/#respond Tue, 20 Feb 2024 17:30:23 +0000 https://coinengineer.io/blog/?p=12897 Following a significant legal victory against the SEC in the SEC-XRP lawsuit, Ripple continues to forge new partnerships. Recent reports suggest that Ripple has entered into a collaboration with Commercial International Bank (CIB) in Egypt. The partnership was revealed in a recent Egypt Fintech 2024 report by Shehata & Partners Law Firm, which stated that

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]]> Following a significant legal victory against the SEC in the SEC-XRP lawsuit, Ripple continues to forge new partnerships.

Recent reports suggest that Ripple has entered into a collaboration with Commercial International Bank (CIB) in Egypt.

The partnership was revealed in a recent Egypt Fintech 2024 report by Shehata & Partners Law Firm, which stated that CIB is poised to revolutionize cross-border payments through this collaboration.

The report highlights that this agreement comes after Ripple’s announcement of increasing its presence in the US, and is part of the company’s efforts to accelerate its global expansion.

It is also mentioned that CIB is the first major Egyptian bank, aside from the National Bank of Egypt (NBE), to publicly announce its partnership with Ripple.

The report concludes by stating that CIB’s partnership with Ripple could pave the way for increased adoption of XRP.

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