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Blockchain & Crypto

Ripple’s payment network surpasses 200 customers worldwide

Jan 10, 2019

RippleNet currently operates in over 40 countries

Ripple’s payment network surpasses 200 customers worldwide. Source:?shutterstock.com

Enterprise blockchain solutions for payments provider Ripple announced that 13 new financial institutions have signed up for the company’s payment network, RippleNet. The companies include Euro Exim Bank, SendFriend, JNFX, FTCS, Ahli Bank of Kuwait, Transpaygo, BFC Bahrain, ConnectPay, GMT, WorldCom Finance, Olympia Trust Company, Pontual/USEND, and Rendimento. With these additions, there are now more than 200 customers signed up for RippleNet.

JNFX, SendFriend, Transpaygo, FTCS, and Euro Exim Bank will leverage the digital asset XRP to source liquidity on-demand when sending payments on behalf of their customers.

In 2018, nearly 100 financial institutions joined RippleNet, and we’re now signing two—sometimes three—new customers per week. We also saw a 350 percent increase last year in customers sending live payments, and we’re beginning to see more customers flip the switch and leverage XRP for on-demand liquidity
Brad Garlinghouse, CEO of Ripple

RippleNet currently operates in over 40 countries across six continents.

SEE ALSO:?Two countries introduced blockchain-based international remittances

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