Ripple, which won an important victory against the SEC in the SEC-XRP case, continues to establish new partnerships.
At this point, it was claimed that Ripple had recently signed a collaboration with the Egyptian Commercial International Bank (CIB).
While Shehata & Partners Law Firm announced this partnership in its recent Egypt Fintech 2024 report, it was stated that CIB is preparing to revolutionize cross-border payments with this partnership.
The report stated that this agreement came after Ripple announced that it would increase its presence in the United States, and that this move was part of the steps taken by Ripple to accelerate its global expansion.
It was also stated that CBI was the first major Egyptian bank, other than the National Bank of Egypt (NBE), to publicly announce its partnership with Ripple.
Finally, the report stated that CIB's partnership with Ripple paved the way for an increase in the adoption of XRP.
*This is not investment advice.
