Ripple Partners with 5 New Clients around 4 Countries

Nishanth Shetty

February 22, 2018 12:13 pm

Ripple Partners with 5 New Clients around 4 Countries | Coindelite News
104110 Total Views

Ripple collaborates with few more Banks and  Money Remittance Companies

Ripple has announced its new partnerships with five banking and money transfer institutions across various countries.

According to the reports, in the coming days, the two banks aú Unibanco from Brazil and IndusInd from India along with the money remittance companies InstaReM from Singapore, Beetech from Brazil and Zip Remit from Canada is going to adopt different Ripple platforms to facilitate real-time international payments.

Beetech and Zip Remit have planned to use Ripple’s product to help international payment corridors aimed at individual customers, IndusInd, InstaReM and Itaú Unibanco have planned to use xCurrent for real-time international transactions to financial institutions.

Moreover, both Beetech and Zip Remit has planned to create a working relationship with China-based LianLian, which recently adopted xCurrent.

InstaReM CEO Prajit Nanu stated:

“Since the blockchain startup’s other members are now able to take beneficiaries of the payment company’s growing network, Ripple will also get benefited.”

He included:

“Now, RippleNet members can process a large number of payouts in Southeast Asian countries through InstaReM’s secure rails.”

Ripple’s head of business development, Patrick Griffin told:

“Whether it’s a teacher in the U.S. sending money home to his family in Brazil or a small business owner in India trying to move money to open up a second store in another country, it’s important that we connect the world’s financial institutions into a payments system that works for their customers, not against them.”

Recently, Ripple announced that it is going to Partner with Saudi Central Bank for Cross-Border Payments.