The National Bank of Abu Dhabi (NBDA) has partnered with ICICI to introduce real-time, cross-border payments on blockchain, to cut the cost of transactions and make them faster. Several other banks are already using ICICI's technology, including Santander, Standard Chartered and Unicredit. NBDA's move follows Emirates NBD's announcement in October that it was working with Indian lender Ripple on a blockchain project for global remittances and trade finance.
The National Bank of Abu Dhabi (NBDA) has partnered with Ripple to introduce real-time, cross-border payments on blockchain, to cut the cost of transactions and make them faster. Several other banks are already using Ripple's technology, including Santander, Standard Chartered and Unicredit. NBDA's move follows Emirates NBD's announcement in October that it was working with Indian lender ICICI on a blockchain project for global remittances and trade finance.