Ripple Signs Four New Cross-Border Clients

Ripple has been making headlines a lot this year, despite the global crisis that has been triggered by the coronavirus pandemic.

The firm managed to bag new deals, and it’s been making efforts to boost the whole XRP ecosystem and to also push the adoption of the digital asset XRP.

New clients added to the cross-border network

Ripple bags four new deals – there are new cross-border clients added to the cross-border payments network.

The firm said that all of the new customers are using RippleNet Cloud, which is a recently cloud-based platform that’s designed to help banks and financial institutions plug into Ripple’s network without the need to spend money on more hardware or staff.

It’s been also revealed that new or existing clients can now use the cloud option in order to enable Ripple’s payment messaging system and the XRP remittance platform ODL.

The online publication the Daily Hodl notes that RipleNet Cloud customers include the following: “BCRemit an online money transfer service that facilitates payments between the UK and the Philippines, SpotOn Money, a UK-regulated remittance provider; Lulu International Exchange; an Abu Dhabi-based foreign exchange company; and OrbitRemit, a New Zealand-based money transfer provider.”

Ripple unveiled 17 could customers.

Jacques Zylbergeld, FX Superintendent at the Brazilian-based Banco Rendimento, one of the RippleNet Cloud customers, stated the following as cited by the online publication mentioned above:

“Migrating our payment infrastructure to RippleNet Cloud allows us to provide our customers with a best-in-class experience. Customers can now enjoy more transparency and easier navigation for both submitting payments and trading,” he said.

He continued and explained that “RippleNet also allows us access to global partners, offering a standardized solution, and ensuring the integration and onboarding processes are seamless.”

We recommend that you check out more info in the official notes posted by Ripple.


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Andreas Townsend Author

I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.

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