Ripple has partnered with the largest bank of Egypt, the National Bank of Egypt (NBE), for the financial institution to make use of the firm’s RippleNet to connect with the UAE-based financial services provider LuLu Exchange. This partnership aims to assist NBE to process cross-border transactions from the UAE to Egypt. Currently, Egypt is one of the largest remittance recipients in the world, which received $24 billion last year. But it still falls behind India, China, Mexico, and the Philippines.