Ripple: Five new partners will expand the network and its capabilities
Stock Markets Group – Ripple continues to establish cooperation with banks and payment companies to organize cross-border payments.
So last week it became known that Brazil’s Itau Unibanco and Indian IndusInd Bank will begin work with Ripple in the implementation of international transfers.
The press release also notes that in addition to the two banks will join the project for another three payment operator InstaReM (Singapore), Zip Remit (Canada), and Beetech (Brazil).
In addition, two new partners Remit and Beetech plan to integrate its network with the Chinese operator LianLian Pay, which began working with ripple a few weeks earlier.
The focus of the company today makes a Ripple on the emerging markets and, according to Vice President of development Patrick Griffin, who is a client of Ripple, and what country is he from. The company strives to ensure that financial institutions in the world were United in a payment system that would work for the benefit of the client, not against him.
According to experts, at the moment the ripple is the main competitor of a major world banks, as interest in the network and developed the company applications for cross-border payments is growing steadily, creating pressure on the competition of the banking monopolies.
The great advantage of the strategy for the integration of digital technology is cooperation with emerging markets. In the future it will allow to companies good dividends, and will give a good impetus to the implementation of developments in the developed markets.
Market analyst cryptocurrency
Stock Markets Group™