As of 2019, Ripple has reached more than 200 banks and financial institutions that use their own remittance network or payment solutions. The company, which is also the producer of the XRP crypto currency, continues to do a lot of work in a short time and continues to announce a new partnership or usage area every day.
UAE Exchange and Unimoni named wire transfer companies, using the Ripple technology blockchain-based payment transactions were the most recent names. Finablr, the owner of both companies, announced on Sunday that geç almost instantaneous cross-border transfer ”made using RippleNet is now in use and that it will be used for international customers in Thailand first. Target other countries are expected to be used later on the platform.
The service was first put into service in accordance with the partnership with Thailand's Siam Commercial Bank. . The technology of the blockchain has a serious potential to ensure a smooth, fast and secure payment experience, iy said Finubilr director and CEO Promoth Manghat.
Finablr is the owner of UAE Exchange and Unimoni, as well as companies like Travelex, Xpress Money, Remit2India Ditto and Swych, and plans to launch blockchain technology on other payment platforms. Apparently, Asia has become a new market for the blockchain-based payment firm Ripple, and the mass is growing at a serious pace.
The Number of Money Transfer Companies Using the Ripple-Based Payment Network Is Increasing! Ali Emre KONAKÇI is the author of the article and published on koinbulteni.com.