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23.11 - 19:47
Pakistan’s Alfalah & UAE’s Lulu Exchange partner to ease remittance through RippleNet
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The world of cryptocurrencies is expanding as more countries get familiar with its potential. Pakistan has also has turned into a supporter of the technology and the authorities have been facing increasing pressure to regulate crypto. As the country was formulating an action plan, its leading bank Alfalah has entered into a strategic partnership with United Arab Emirates’ LuLu Exchange. This Abu Dhabi-based exchange has been a significant financial service provider and was aiming to accelerate and scale cross border remittance payments through RippleNet.
According to reports, the strategic partnership will allow the remittance to flow between UAE and Pakistan, making it a first payment integration for the Pakistan-based Alfalah. This would
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