The National Bank of Abu Dhabi will use Ripple
Although Bitcoin and Ethereum are now in the limelight, Ripple technology is also very interesting. This is the third largest digital currency, which allows banks to conduct transactions between themselves in real time. More and more large financial institutions are interested in this technology. Here and now, the National Bank of Abu Dhabi announced that it will use Ripple in some of its transactions. The Ripple protocol will be integrated into the existing structure of the bank. The National Bank of Abu Dhabi carries out a large number of international money transfers. If the results of the experiment with Ripple prove successful, this crypto currency will be even more interesting for banks.
This is wonderful news. I respect Ripple more than most of the cryptocurrencies as it is being used for a need in daily life.
Also, can you provide a source for the news? I'd like to read it from the official announcement.
How is this going to increase the demand of the ripple tokens itself? They will just use the protocol?