Lopsky Alter

The delay signals ongoing negotiations and unresolved concerns behind closed doors — and markets are watching closely.

Trade policy uncertainty like this often means volatility, especially for USD, EUR, and global risk assets.
No rejection yet. No approval yet.

Just… more waiting ⏳
February 4 could be a key date. 👀
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In a major strategic development for blockchain adoption in the Middle East, Ripple — the global blockchain and payments technology company — has officially partnered with Jeel, the innovation arm of Riyad Bank in Saudi Arabia. This collaboration is positioned to significantly expand the role of blockchain technology within the Kingdom’s financial infrastructure and aligns directly with Saudi Arabia’s Vision 2030 objectives.
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🧠 What the Partnership Is All About
✔️ Strategic Collaboration: Ripple and Jeel have signed a Memorandum of Understanding (MOU) to explore how blockchain systems can be integrated into financial services across Saudi Arabia.

✔️ Blockchain Innovation Focus: The partnership will investigate real-world blockchain use cases beyond theory, including:
Cross-border payments — faster, cheaper, and more transparent international transactions.
Digital asset custody — secure ways to store digital assets at an institutional level.Tokenization — converting real-world assets into digital tokens on a blockchain ledger.
Jeel and Ripple will run proof-of-concept trials inside Jeel’s regulatory sandbox, allowing them to test and validate solutions in a controlled, compliant environment. These tests aim to show practical performance, security, and scalability before potential broader implementation.
🏦 Why This Matters for Saudi Arabia
Saudi Arabia has long prioritized digital transformation as part of its Vision 2030 strategy — a national roadmap to reduce dependence on oil, diversify the economy, and drive innovation across sectors. Blockchain technology fits that vision by modernizing financial infrastructure and expanding Saudi Arabia’s role as a regional fintech hub.
Partnering with a global blockchain leader like Ripple brings international expertise into the Saudi innovation ecosystem, helping local institutions experiment with next-generation financial technology.
🏁 What Ripple Gains
For Ripple, this collaboration:
Expands its footprint in the Middle Eastern financial sector.Enhances opportunities to demonstrate how its technology can improve key financial functions like payments and asset services.Provides access to a regulated testing environment where blockchain solutions can be evaluated under local compliance frameworks.

📊 What Jeel’s Role Is
Jeel — as the innovation and tech arm of Riyad Bank — will serve as the institutional bridge to Saudi Arabia’s financial system. Supported by Riyad Bank’s significant market presence, Jeel will help guide blockchain exploration and create the environment where regulated blockchain pilot programs can be developed.
📌 In Summary
This partnership marks a big step forward for blockchain adoption in Saudi Arabia:
➡️ Ripple and Jeel have joined forces.

➡️ They will explore blockchain solutions for next-gen financial services.

➡️ Work will be done in a regulatory sandbox to ensure compliance and scalability.

➡️ The initiative aligns with Saudi Vision 2030 digital transformation goals.
This move not only reinforces Ripple’s global expansion but also signals growing institutional interest in blockchain outside traditional crypto markets.
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