The monetary providers firm has been a serious adopter of Ripple’s XRP for cross-border funds within the Asia Pacific area
LONDON, November 21, 2022–(BUSINESS WIRE)–LuLu Financial Holdings – an Abu Dhabi based mostly holding firm with a number of investments in monetary providers within the APAC area, has been adjudged winner within the Network Accelerator class of the annual Blockchain Innovation Awards.
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Mr. Adeeb Ahamed, MD, LuLu Financial Holdings, receiving the award for Network Accelerator on the lately held Blockchain Innovation Awards in the course of the Ripple Swell occasion in London (Photo: AETOSWire)
The Blockchain Innovation Awards acknowledges gamechangers within the monetary providers, crypto and digital funds sector, and is performed as a part of Ripple’s annual Swell Conference.
This yr, the occasion was held in London, with attendance of a number of business stalwarts.
Accepting the award on behalf of his group, Mr. Adeeb Ahamed, Managing Director of LuLu Financial Holdings, mentioned, “It is a proud moment for all of us at LuLu Financial Holdings to be recognized with the coveted Network Accelerator award. The award reflects our efforts to adopt digital technologies towards advancing the cross-border payments ecosystem. As early adopters of Ripple’s XRP for B2B applications, the On-Demand Liquidity (ODL) facility has helped us optimize fund management in our APAC corridor within permissible regulatory frameworks. We remain committed to our digital transformation efforts to make cross-border payments convenient & seamless for our consumers and strategic technology partners.”
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 ultimately contribute to their widespread acceptance in different jurisdictions.
LuLu Financial Holding’s investments within the APAC area span Philippines, Malaysia, Hong Kong and Singapore, with a community of over 25 LuLu Money branches and a proprietary digital funds app. The firm’s major providers embrace cross-border funds, forex alternate and wholesale banknotes.
To know extra, go to www.luluexchange.com
*Source : AETOSWire
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