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2019-09-07 13:47:20

Pakistani Bank reveals partnership with Ripple Labs

Pakistan’s Faysal Bank Limited, more commonly known as FBL, has unveiled its partnership with Crypto-based company Ripple Labs. The Pakistani Bank has joined hands with San Francisco-based cryptocurrency company to develop a digital payment solution. FBL is one of Pakistan’s largest private bank and has more than two hundred branches across the country. The bank is also an Islamic commercial bank. The bank has business assets worth around one and a half billion dollars ($1.5B). The partnership was commemorated by the parties involved in a meeting held in Karachi. Karachi is the largest city of Pakistan and is a commercial