Al Ansari Exchange joins RipplenNet

Al Ansari Exchange joins RipplenNet






Source: Ripple







Today, we’re thrilled to announce that UAE-based foreign exchange and worldwide money transfer company, Al Ansari Exchange has joined RippleNet.








Through RippleNet Cloud, Ripple’s global cloud-based financial network technology, Al Ansari Exchange will connect with leading money transfer technology company MoneyMatch to provide same-day remittances to Malaysia.

This service will initially support transactions in Malaysian Ringgit (MYR), with plans to support the Brunei dollar (BND) and the Australian dollar (AUD) in the future.

“Blockchain technology has paved the way for seamless, transparent and advanced methods to send remittances in real-time worldwide. Adopting this technology on the cloud via our partnership with Ripple and MoneyMatch is in line with our commitment to provide our customers with more flexible, faster, safer and more innovative money transfer solutions. Together, we are carving new benchmarks in the industry, with an end goal of redefining customer experience and taking our services to the next level internationally,” said Rashid Al Ansari,