Ripple attracts more customers almost on a daily basis.
The latest addition is Amore Finance, a startup that offers banking solutions for businesses and individuals.
The firm is based in Prague, Czech Republic and they teamed up with Ripple to join RippleNet, the growing network of banks. The news was delivered by a local news portal.
Besides this announcement, latest reports also stated that the finance firm joined RippleNet in cooperation with Cleverlance, a tech company in the Czech Republic.
Amore Finance is the first startup in the Czech Republic to join RippleNet
Amore Finance is the first financial startup from the country that decided to join Ripple’s network and to offer its customers access to faster and cheaper transactions with zero error rates.
This was achieved thanks to the guidance provided by Cleverlance for the startup throughout the onboarding process.
Other essential members of RippleNet are MUFG, the 5th biggest bank by assets in Japan, Santander, Bank of America, Mizuho Financial Group, MoneyGram and Western Union.
RippleNet was launched by Ripple with the primary focus on solving existing issues that cross-border transactions are confronting with. RippleNet comes with real-time payments solutions and low transaction fees.
The network includes banks, financial institutions and software providers, mobile wallets and more entities that are using Ripple’s solutions, enabling participants to transact via a single agreement around the globe.
Ripple recently released the Q3 report for 2018
The report revealed the great news that Ripple sold more than $163 million in XRP and that the institutional direct sales have been increased by about 500% compared to Q2.
This was a remarkable achievement, especially in such a highly volatile crypto market.
“XRP II, LLC — a Ripple subsidiary that is a registered and licensed money service business (MSB) — sold $98.06 million worth of XRP in institutional direct sales,” according to the report.
XRP Markets Report for Q3 of 2018 mainly revealed a massive surge in institutional interest.
