- UAE bank, First Abu Dhabi Bank has introduced a new solution known as Payit, which is a digital wallet.
- The financial firm has also recently entered a partnership with MoneyGram, which could potentially present an opportunity for XRP usage.
First Abu Dhabi Bank (FAB) recently announced a solution Payit, a digital wallet that facilitates P2P transfer and international remittances at low costs and quick processing time.
The bank additionally tied up with MoneyGram, which as a reminder had a ten percent stake bought by payments solution specialist Ripple Inc. as reported by Gulf News.
Working with MoneyGram should, in theory, mean that they indirectly, or maybe even directly, will leverage XRP to transfer wealth across the globe.
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