Last night we got The Ripple Drop – Episode 12 dropped on us (see what we did there). This was a great video! For those of you who haven’t seen it yet, here is the link below:
Check out the latest episode of The Ripple Drop on the ground in Dubai at Ripple Regionals: MENA. Senior Associate Amy Hirth provides a behind the scenes look at the event, Global Head of Infrastructure Innovation Dilip Rao talks Ripple’s engagement with central banks and the Chief Transformation Officer of Al Ahli Bank of Kuwait showcases the bank’s RippleNet powered mobile app.
Couple Key Pieces of Information we pulled out of this:
- Amy Hirth says that Ripple Regionals brings together groups to share their best practices. The regionals help build momentum for SWELL.
- Dilip Rao tells us why he is focused on Central Banks: Central banks are the ones who operate the payment systems in their own country. To us, he is saying get the central bank on board (the top dog) and they will push out the tech to the others. Almost make it mandatory for others to do what the central bank does.
- Bahrain and Abu Dhabi global are leading the world in the regulatory framework for the use of crypto assets
Now we know from previous statements that Ripple is working with 40-50 central banks. The question is what will come from this?
Also, remember because regulatory clarity is a top priority, we got news that Bahrain is taking the lead and regulating digital asset ought to be good news for XRP. We must remember that Ripple has a foothold in the Middle East and as Sharia-compliant; it has the support of the Saudi Arabia Monetary Authority(SAMA).