Five payments providers in Europe and Asia are set to use Ripple's xVia technology, the distributed ledger startup announced Thursday.
The company's new customers include U.K.-based firms FairFX, RationalFX and Exchange4Free, in addition to peer-to-peer currency exchange platform MoneyMatch in Malaysia and settlements company UniPay from the Republic of Georgia.
Using Ripple's xVia tech will help these companies expand their customer base, said Ripple senior vice president of product Asheesh Birla.
"All of these customers run into the same problem: building bespoke connections to banks and networks all over the world. It's expensive and time consuming," he said in a statement.
"xVia enables them to grow their overall market share by reaching new customers in new markets, easier than ever before."
Ripple explained in a blog post that, unlike traditional means of transferring funds abroad, such as wire transfers, xVia's standard API solution means that it doesn't suffer from high failure rates and manual reconciliation costs.
FairFX's chief commercial officer, James Hickman, said xVia "Will allow us to reach more people, more efficiently and at a lower cost."
"It will also enable us to deliver on our commitment to give customers the most transparent, efficient and truly global money transfer possible using RippleNet," he said.
Ripple has been steadily acquiring new customers, and announced in February that fintech firms Beetech and Zip Remit also planned to adopt xVia.
The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
5 More Payments Firms to Adopt Ripple's xVia Tech
에 게시 됨 Apr 27, 2018
by Coindesk | 에 게시 됨 Coinage
Coinage
최근 뉴스
모두보기
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.