In the report for the 2018 CEO and President Corporate Catalyst Kathy garner spoke about the strategic partnership with Ripple, launched last year, which is likely to continue this year.

As stated on the company’s official website, Catalyst Corporate offers financial services including payment solutions, help to control balance, investment options liquidity and other similar services. In the video released a few days ago, Katie garner, who will leave the company in March 2019, said the partnership with Ripple will allow them to make safe and fast cross-border transfers.

– Our goal is to make cross-border transaction in Mexico using blockchain solutions to Ripple. With our cooperative agreement, known as Currentz, secure cross-border transactions can be done within 10 seconds, said garner, speaking about the essence of the partnership with Ripple.

However, based in Texas the company Catalyst Corporate announced the use of technology Ripple in the Omni Frisco hotel in Dallas at the end of 2018. The ad said that the main purpose of introducing core technology of Ripple lies in the solution of various problems, the main of which are international transfers. Senior Vice President of Catalyst Corporate, brad Geni praised the implementation of solutions based on the blockchain.

– The current method of sending international payments does not meet today’s expectations, in terms of price, speed and ease of use, said Geni.

Although Katie mentioned the success Catalyst Corporate in 2018, it is more likely that 2019 with Ripple technology will help them to reduce the cost of global remittances even more, thus increasing the efficiency and maximizing the overall profit. Because garner will soon retire from the post of President, Executive Vice-President Bruce Fox will be the new CEO, who will continue working in Catalyst Corporate. In addition, in its first statement after news of the resignation garner, he spoke about xRapid.

– The technology of the blockchain and, in particular, the product of Ripple xRapid solve all the main problems at the same time. Thanks to the technological platforms of our subsidiaries, Catalyst Corporate will be able to use XRP — through xRapid to test immediate transfer of money abroad on behalf of our credit unions. We signed a production contract and are currently building our test plan, – said the Fox.

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