Attijariwafa Bank Morocco has joined RippleNet.

It has partnered with Ripple (XRP), Morocco's largest bank with $53.3 billion in assets.

19 January 2022

in XRP

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Ripple, which has been in legal battle with the SEC for over a year, continues to grow and be adopted despite this.

Morocco’s largest bank, Attijariwafa Bank, which has $53.3 billion in assets under its management, has joined Ripple’s global financial network technology RippleNet. Thanks to this partnership with RippleNet, transfers initiated between Attijariwafa Bank customers and members using the same network will be instant.

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Adnane Driouech, Corporate Cash Management Manager of Attijariwafa Bank, which has more than 4,900 branches in countries such as England, China and Tunisia, spoke about the partnership.

The RippleNet network, which has partnered with more than 200 banks, also includes important institutions such as Bank of America, Santander, IndusInd Bank and Banco Rendimento.

Among the banks participating in RippleNet is Qatar National Bank (QNB), the largest financial institution in the Middle East and Africa.

Announcing their partnership last October, QNB Bank announced that it would pilot RippleNet with QNB Finansbank in the future as part of its plan to expand across the group.