Al Fardan Exchange Forms Partnership with JP Morgan

One of Ripple Labs' strong partners in the UAE – Al Fardan Exchange – has joined forces with Wall Street banking giant JPMorgan recently. Al Fardan is one of the licensed and regulated platforms in the UAE for money transfers and currency exchanges.

The two players will work to facilitate a same-day money transfer facility for UAE's corporate customers. As a result, customers of Al Fardan Exchange will have access to currencies in multiple currencies such as the US Dollar, Sterling Pounds, Euros, South African Rands, and others.

The Al Fardan Exchange entered into a partnership with Ripple earlier this year in January 2022. But with Al Fardan Exchange entering into a partnership with JPMorgan there lies a possibility that both financial giants could potentially explore Ripple services in the future.

(Source: The Paypers)