Egyptian National Bank Turns to Blockchain to Boost Remittance Business

Another major financial institution has partnered with blockchain-based payments firm Ripple.

The National Bank of Egypt has signed a cooperation agreement with Ripple to establish new channels for inward remittances, according to a Feb. 11 report from local daily news site Youm7. 

The agreement reportedly makes the National Bank the country’s first to venture into the blockchain sector. 

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Singapore FinTech Enables Instant Blockchain Remittance for Myanmar Migrant Workers in Thailand


Everex, a Singapore-based financial technology firm, has partnered with Myanmar’s Shwe Bank to introduce blockchain-Powered remittance Services between Myanmar and Thailand.

The blockchain firm claims that the partnership will enable millions of Myanmar migrant workers living in Thailand to send money home instantly and securely at much lower transaction costs than traditional remittance methods.

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