The monetary providers firm has been a serious adopter of Ripple’s XRP for cross-border funds within the Asia Pacific area

LONDON–(BUSINESS WIRE)–LuLu Monetary Holdings – an Abu Dhabi primarily based holding firm with a number of investments in monetary providers within the APAC area, has been adjudged winner within the Community Accelerator class of the annual Blockchain Innovation Awards.

The Blockchain Innovation Awards acknowledges gamechangers within the monetary providers, crypto and digital funds sector, and is carried out as a part of Ripple’s annual Swell Convention.

This 12 months, the occasion was held in London, with attendance of a number of trade stalwarts.

Accepting the award on behalf of his group, Mr. Adeeb Ahamed, Managing Director of LuLu Monetary Holdings, mentioned, “It’s a proud second for all of us at LuLu Monetary Holdings to be acknowledged with the coveted Community Accelerator award. The award displays our efforts to undertake digital applied sciences in the direction of advancing the cross-border funds ecosystem. As early adopters of Ripple’s XRP for B2B purposes, the On-Demand Liquidity (ODL) facility has helped us optimize fund administration in our APAC hall inside permissible regulatory frameworks. We stay dedicated to our digital transformation efforts to make cross-border funds handy & seamless for our customers and strategic expertise companions.”

Mr. Ahamed, who was invited to talk in a panel dialogue held as a part of the two-day occasion, mentioned that the position of each stakeholder on this ecosystem is to construct belief. He added that the world is seeing actual use circumstances of blockchain led applied sciences, with additional potential mendacity untapped within the space of AML/CFT.

He additionally spoke about how the introduction of regulated digital currencies by a number of the main world economies will finally contribute to their widespread acceptance in different jurisdictions.

LuLu Monetary Holding’s investments within the APAC area span Philippines, Malaysia, Hong Kong and Singapore, with a community of over 25 LuLu Cash branches and a proprietary digital funds app. The corporate’s main providers embody cross-border funds, forex exchange and wholesale banknotes.

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*Supply : AETOSWire


Ajit Johnson
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