# Oman-based BankDhofar goes live on Ripple’s blockchain network ‘RippleNet’

By Shampa Mani

Canonical URL: https://www.tokenpost.com/news/technology/1302
Published: 2019-02-19T11:25:37.000Z
Updated: 2019-02-19T11:25:37.000Z
Section: Technology

> Oman-based BankDhofar has started using Ripple’s technology for cross-border payments to India, Cointelegraph reported.

Oman-based [BankDhofar](<https://www.econotimes.com/BankDhofar-becomes-first-Bank-in-Oman-to-join-Ripples-blockchain-network-1283788>) has started using Ripple’s technology for cross-border payments to India, [Cointelegraph](<https://cointelegraph.com/news/major-omani-bank-joins-ripplenet-cross-border-payment-network>) reported.

Navin Gupta, the managing director of South Asia and MENA at Ripple, made the announcement via a tweet:

Congratulations! to Bank Dhofar - Live on Ripplenet. Now Non Resident Indians (NRI's) living in Oman can App money back home in real-time. [#bankdhofar](<https://twitter.com/hashtag/bankdhofar?src=hash&ref_src=twsrc%5Etfw>) [#ripplenet](<https://twitter.com/hashtag/ripplenet?src=hash&ref_src=twsrc%5Etfw>) [@Ripple](<https://twitter.com/Ripple?ref_src=twsrc%5Etfw>) [pic.twitter.com/HBbSGh6tQD](<https://t.co/HBbSGh6tQD>)

— Navin Gupta (@navinblockchain) [February 17, 2019](<https://twitter.com/navinblockchain/status/1097016635238555649?ref_src=twsrc%5Etfw>)

Last year, BankDhofar [became the first bank](<https://www.econotimes.com/BankDhofar-becomes-first-Bank-in-Oman-to-join-Ripples-blockchain-network-1283788>) in Oman to join RippleNet, Ripple's enterprise blockchain network with over 100-member banks and financial institutions.

According to the latest announcement:

“BankDhofar…is the first bank in the Sultanate to go-live with Ripple’s global enterprise network – RippleNet. BankDhofar customers will be able to transfer money abroad instantly using BankDhofar Mobile banking App.”

The bank also stated that international transaction to India was successfully performed in less than 2 minutes.

Earlier this month, UAE Exchange and Unimoni – part of Finablr’s network brands – [also went live](<https://tokenpost.com/Unimoni-and-UAE-Exchange-go-live-on-Ripples-blockchain-network-RippleNet-1243>) on RippleNet, using the technology for facilitating seamless cross-border transactions to Thailand.

## Links in this article

- [BankDhofar](https://www.econotimes.com/BankDhofar-becomes-first-Bank-in-Oman-to-join-Ripples-blockchain-network-1283788)
- [Cointelegraph](https://cointelegraph.com/news/major-omani-bank-joins-ripplenet-cross-border-payment-network)
- [#bankdhofar](https://twitter.com/hashtag/bankdhofar?src=hash&ref_src=twsrc%5Etfw)
- [#ripplenet](https://twitter.com/hashtag/ripplenet?src=hash&ref_src=twsrc%5Etfw)
- [@Ripple](https://twitter.com/Ripple?ref_src=twsrc%5Etfw)
- [pic.twitter.com/HBbSGh6tQD](https://t.co/HBbSGh6tQD)
- [February 17, 2019](https://twitter.com/navinblockchain/status/1097016635238555649?ref_src=twsrc%5Etfw)
- [also went live](https://tokenpost.com/Unimoni-and-UAE-Exchange-go-live-on-Ripples-blockchain-network-RippleNet-1243)