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Egypt is the sixth 6th-largest remittance recipient in the world and it is still increasing with overseas workers sending home an estimated $24.4 billion last year.

it is on this note that Ripple, a Distributed ledger tech provider partnered with the National Bank of Egypt, the biggest banking institution in Egypt to enable remittance inflows from the United Arab Emirates through LuLu International Exchange.

Ripplex is fast growing in terms of partnership with banks and other financial institutions.

 

[Niftyicon]

I think this would have gone quite global and not just with Egypt if all things were as planned for ripple. I still think that Ripple will pull more impact than it is doing presently.

 

[Wisdom01]

it's good to see ripple running different partnership and others ,I guess all of these partnership should be for the development of the coin , because for the coin to grow ,so many things needs to work out ,and ripple seem to be a a very good coin to look out for only the law suit issue seems to be issue

 

[achawaskey]

This is indeed a good move and partnership, this means Egyptian who works abroad can send money home in form of Ripple through Lulu exchange. This also means that Egyptian government has approved cryptocurrency for there citizens. With this move Egypt government will benefit a lot by imposing some form of taxs. I think other African countries should emulate this so that they have other means of generating income.

 

[Ben Kempton]

it's good to see ripple running different partnership and others ,I guess all of these partnership should be for the development of the coin , because for the coin to grow ,so many things needs to work out ,and ripple seem to be a a very good coin to look out for only the law suit issue seems to be issue

I am not sure if they are actually aware of Ripple's problems with the Security and Exchange Commission, as this is something that should be considered when it comes to investing in Ripple. This news is pretty old and I cannot find any updates about the Stance of the Egyptian bank regarding the usage of Ripple.

 

[Horia_10]

Egypt has also highest rising inflation and I do think they should be investing in the market at this point , the partnership indicates that there can be further advances but still it is better for the country to actually focus on their central bank reserves and do not indulge in buying bitcoin at this point from the market .

 

[Ben Kempton]

Egypt has also highest rising inflation and I do think they should be investing in the market at this point , the partnership indicates that there can be further advances but still it is better for the country to actually focus on their central bank reserves and do not indulge in buying bitcoin at this point from the market .

Inflation is a global issue, but I think that certain countries are more affected by this problem. I guess that when it comes to cryptocurrency, no government should rely entirely or place its bet on cryptocurrency market. This is the kind of mistake El Salvador made and we can see that El Salvador is suffering right now.

 

[Wisdom01]

Egypt has also highest rising inflation and I do think they should be investing in the market at this point , the partnership indicates that there can be further advances but still it is better for the country to actually focus on their central bank reserves and do not indulge in buying bitcoin at this point from the market .

Yes inflation is on the rise ,even my country seems to be part of the most affected due to increasing inflation ,it have always been a huge problem to many , I think if they should invest in cryptocurrency ,they would have to bear both inflation and volatility of crypto currency

 

[Ben Kempton]

Yes inflation is on the rise ,even my country seems to be part of the most affected due to increasing inflation ,it have always been a huge problem to many , I think if they should invest in cryptocurrency ,they would have to bear both inflation and volatility of crypto currency

The rate of inflation depends a lot on fuel prices. What is the price of one lire of fuel in your country. However, fuel prices do not necessarily need to be correlated with inflation all the time. Venezuela has the cheapest fuel in the world. However, the economy of Venezuela is really down. On the other hand, Hong Kong has a strong economy but petrol is quite expensive in there.

 

[Wisdom01]

The rate of inflation depends a lot on fuel prices. What is the price of one lire of fuel in your country. However, fuel prices do not necessarily need to be correlated with inflation all the time. Venezuela has the cheapest fuel in the world. However, the economy of Venezuela is really down. On the other hand, Hong Kong has a strong economy but petrol is quite expensive in there.

although the price of one liter of fuel in my country is about $0.50 , I also feel like it's the increase in the price that even made things more expensive , inflation in addiction also made things to be very much expensive , I really hope the price of things starts decreasing