Ripple: 13 Financial Institutions Have Joined RippleNet, Surpassing 200 Customers All Over The World

Headlines with RippleNet pop up on the first pages very often meaning that the interest towards the Ripple’s DLT technology does not go away, and it is better to say, even increases. And the company decided to cheer its users by the news that other 13 financial institutions had joined RippleNet, putting the total at over 200.

Among these new 13 customers, only five of them will use the Ripple’s coin for liquidity, they are:

  • JNFX,
  • SendFriend,
  • Transpaygo,
  • FTCS,
  • Euro Exim Bank.

Others, like CIMB or Olympia Trust Company, are interested in immediate settlement, they are able to draw faster and more transparent payments using RippleNet. BBVA, in its turn, arranged loans to Porsche, as well as made international transfers using Ripple’s technology stack.

The director of Euro Exim Bank has commented on the partnership:

“As a leader in trade finance solutions for global corporates and fintechs, we are uniquely placed to offer new payment channels and ways to source liquidity. Our customers—whether big corporates or individual remitters—have historically been restricted from obtaining suitable funds or settling transactions in a cost efficient and timely manner. Working collaboratively with Ripple and selected counterparts, we have designed, tested and are implementing both xCurrent and xRapid in record time, and we look forward to the benefits these will bring our customers.”

We remind you

South Korea Launches Remittance App Using Ripple’s Blockchain Technology For The First Time

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