Ibahagi ang artikulong ito
Money Transfer Firms Join Ripple's Payment Network
Two money transfer firms are to open a new payments corridor using RippleNet, while a Kuwaiti bank has also signed up to use the service.
Ripple is continuing to add new clients to its distributed ledger-based payments network, RippleNet.
Announced yesterday, two international money transfer companies – Singapore-based InstaReM and Sao Paulo, Brazil-based BeeTech – have partnered to allow customers to benefit from Ripple's product, which they say offers speed, transparency and lower costs.
The collaboration will facilitate blockchain-based payments between Latin America and a number of countries currently served by InstaReM, including markets in Southeast Asia and Europe, a release states.
Fernando Pavani Founder and CEO of BeeTech, commented:
"This partnership on RippleNet provides our customers a one-stop shop experience, including the ability to send payments and access new suppliers across more than 60 markets through xVia – a simple API connection."
Also newly signed up for RippleNet is the Kuwait Finance House, which announced on May 26 that it was to utilize the service for cross-border payments, claiming to be the first bank in Kuwait to join the blockchain-powered network.
In the last month alone, at least six banks and payments providers have opted to utilize Ripple's various payments tools, including South Korean exchange and remittance service Coinone.
Coins image via Shutterstock
More For You
The creator of the Mayer Multiple argues bitcoin’s growing economic substance is compressing volatility and attracting deeper capital.
What to know:
- Bitcoin volatility has dropped from around 120 in 2017 to 35 as institutional participation and options markets add stability to the asset.
- Mayer believes lower volatility makes bitcoin more investable for corporations, family offices, and institutional investors.
- Despite long-term concerns around miner security incentives and quantum computing, Mayer remains bullish...
Top Stories
