Ripple distinguishes LuLuFin as best network accelerator

LuLu Financial Holdings, an Abu Dhabi-based company with numerous financial services investments in the APAC region, has been named the best Network Accelerator in its respective category at Ripple’s annual Swell Conference Blockchain Innovation Awards. , Coin Journal learned. press release.

These awards recognize industry leaders in the crypto, financial services, and digital payments sectors. BIA will be held within the framework of the Swell Conference.

Promoting a cross-border payment ecosystem

This year, the event took place in London and was attended by some of the industry’s game changers. Adeeb Ahamed, managing director of LuLu Financial Holdings, said when accepting the award on behalf of the company:

Everyone at LuLu Financial Holdings is proud to be recognized in this prestigious category by winning the coveted Network Accelerator award. This reflects our commitment to advancing cross-border payment networks by embracing digital technology. We are he one of the early adopters of his XRP for B2B purposes. The On-Demand Liquidity tool has made it possible to improve cash management in the APAC region within an acceptable regulatory framework.

The role of all stakeholders is to build trust

Ahmed added that his company remains committed to its digital transformation efforts so that its partners and clients can enjoy seamless and convenient cross-border payments.

Speaking at a panel discussion at the two-day event, Ahamed said the role of all stakeholders is to foster trust in the ecosystem. The world is witnessing real-life use cases for blockchain technology, and the CFT and AML areas offer great untapped potential.

About Lulu Financial Holdings

LuLu Financial Holdings has investments in Singapore, Hong Kong, Malaysia and the Philippines. LuLu Money has over 20 branches and a dedicated app for digital payments. The company’s main services include currency exchange, cross-border payments, and wholesale banknotes.

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