Partnership Of Ripple With 5 More European And Asian Companies
Ripple, a real-time gross settlement system, has announced partnerships with five new European and Asian clients. To strengthen frictionless payments over RippleNet FairFX (U.K.), RationalFX (U.K.), Exchange4Free (U.K.), UniPAY (Georgia), and MoneyMatch (Malaysia) will all use xVia.
Across different networks using a standard interface xVia is a technological solution for corporates, payment providers and banks which seek to send payments. As Ripple’s official website declares, “xVia’s simple API needs no software installation and helps users to seamlessly send payments globally with transparency into the payment status and with rich information, like invoices, attached.”
Asheesh Birla, senior vice president of product at Ripple,announced:
By tapping our global network with xVia, our customers now access new markets quicker and cost efficiently. All of these customers run into the same problem: building bespoke connections to banks and networks all over the world. It’s expensive and time consuming. xVia enables them to grow their overall market share by reaching new customers in new markets, easier than ever before.
FairFX Chief Commercial Officer James Hickman being a partner of Ripple, stated:
xVia will allow us to reach more people, more efficiently and at a lower cost. It will also enable us to deliver on our commitment to give customers the most transparent, efficient and truly global money transfer experience possible using RippleNet.
Meanwhile, RationalFX’s CEO, Chris Humphrey, also stated:
This is an exciting new partnership for RationalFX, and we look forward to passing on the benefits of xVia to our clients across the globe.
The latest Ripple partners are joining the ever-growing list of important partnerships for the company, which claims the third-largest cryptocurrency in terms of market capitalization, XRP.
The Bitcoinist reported that Saudi Arabia’s central bank had concluded a deal with the San Francisco-based cryptocurrency company, which purpose is to help banks in the oil-rich kingdom settle instantaneous cross-border payments using xCurrent. .
Moreover, Ripple signed an agreement with major foreign UAE Exchange, who is interested in using the blockchain technology to power their payments. The company also has cooperation with Brazil’s largest individual sector bank and Latin America’s biggest bank by market capitalization, Itaú Unibanco, as well as IndusInd, a leading private sector bank in India, and Singapore’s major remittance provider InstaReM.
