Ripple is an enterprise that offers a cryptocurrency and also blockchain solutions for global financial transactions that are safe, reliable and very fast. The firm has offices in San Francisco, New York, London, Sidney, India, Singapore and Luxembourg (basically, they are everywhere it matters to be), and they have more than 100 global corporate customers including Banco Santander, which is considered to be the world’s best bank these days, and it’s the 37th biggest corporation in the world.
The company has just announced that five new clients will be joining their global payments platform (called xVia) so their international transactions will be served by RippleNet.
The new partners are RationalFX (U.K.), FairFX (U.K.), Exchange4Free (U.K.), MoneyMatch (Malaysia), and UniPAY (Georgia).
Ripple’s xVia is an API that is easily integrated into many computer and smartphone ecosystems. It allows users to use RippleNet to exchange Ripple’s altcoin quickly, safely, transparently and at a very low transaction cost. These new partnerships will also give Ripple access to new markets that have been outside any cryptocurrency’s scope so far.
“By tapping our global network with xVia, our customers now access new markets quicker and cost-efficiently,” said Asheesh Birla, senior vice president of product at Ripple.
Birla further added,
“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.”
The xVia platform allows payers to use RippleNet to create and sustain a financial connection in which errors and failures are rare, unlike in traditional wire transfers, at a fraction of the cost traditional international transactions usually need.
“xVia will allow us to reach more people, more efficiently and at a lower cost,” said James Hickman, the chief commercial officer at FairFX. Mr. Hickman continued,
“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.”
Ripple is global, and it has physical offices in many crucial cities all over the world. But they are not taking it easy by any means. Just two months ago they announced an expansion that will include India, Brazil. They joined forces with Hong Kong’s LianLian in a move that will bring Ripple to the mainland China‘s market.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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