Share this article
Ripple Partnership Provides New Payment Rail for UK Remittance Firm
Ripple's newest partnership will enable UK remittance firm, Xendpay, to move money to Southeast Asia in real time.
By Daniel Kuhn
Updated Sep 13, 2021, 11:22 a.m. Published Aug 22, 2019, 5:00 p.m.
Make us preferred on Google
Distributed ledger startup Ripple has added a new client to its global settlements platform, RippleNet.
UK-based remittance firm, Xendpay, announced a partnership with Ripple that allows the firm to enter new markets like the Philippines, Bangladesh, Malaysia, Vietnam, Indonesia, and Thailand.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
According to a statement published August 21, RippleNet supports currencies that were previously inaccessible to the remittance firm. So called "smaller currencies," including the Malaysian ringgit or Bangladeshi taka, formerly required Xendpay to form local banking partnerships.
“Previously we had to create a whole business case for each partner,” said Xendpay head of product innovation Bhavin Vaghela. “RippleNet reduces that complication and friction.”
The majority of Xendpay customers are migrants who send remittances back home to contribute to their families’ housing, utility, medical and education expenses, according to Vaghela.
In June, Ripple claimed it was adding “an average of two to three new financial institutions to RippleNet each week.” Further, RippleNet surpassed 200 clients globally earlier this year.
Ripple CEO Brad Garlinghouse image via Ripple/YouTube
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Crypto ETFs with staking can supercharge returns but they may not be for everyone
From yield potential to custody risks, here’s how direct ETH and staking funds compare for different investor goals.
What to know:
- Investors can now choose between owning ether directly or buying shares in a staking ETF that earns rewards on their behalf.
- While staking ETFs offers yield, they come with risks and less control than holding ETH in an exchange or wallet.
- Grayscale’s Ethereum staking ETF recently paid $0.083178 per share, yielding $3.16 in rewards on a $1,000 investment.
Top Stories
