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National Bank of Abu Dhabi to deploy blockchain tech for payments

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National Bank of Abu Dhabi to deploy blockchain tech for payments

National Bank of Abu Dhabi PJSC will introduce real-time, cross-border payments using blockchain technology, it said Feb. 1.

U.S.-based technology startup Ripple will provide NBAD the platform for distributed ledger transactions, which will enable faster payment and end-to-end encryption along with reduced cost of transactions.