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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Chinese State-Owned Aerospace Firm Turns to Blockchain to Manage Billions of Invoices

The state-owned China Aerospace Science and Industry Corporation Ltd. is turning to blockchain technology to innovate its unwieldy electronic invoice system, according to an announcement republished on a government site August 13.

The article, from official state newspaper People’s Daily, was posted yesterday by the State Administration of Science, Technology and Industry for National Defence and outlines how blockchain will help innovate the supervision of invoices for tax purposes nationwide.

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India Turns to Discreet Trading Methods to Circumvent Cryptocurrency Ban

The Indian government’s crackdown on cryptocurrencies has not deterred the populace from employing new ways to purchase and trade digital assets. While exchanges have launched peer-to-peer models, a small fraction is resorting to “Dabba trading.”

Banning Not Enough

As reported on July 30, 2018, by local outlet Business Today,

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