One of Chile’s reputable money transfer firm, CurrencyBird, has integrated RippleNet. The development is coming less than two months after Ripple unveiled its office in the region.
While it has not been stated what incentive CurrencyBird is going to be offering now that it has launched on RippleNet, however, the Chile’s firm is the first to launch on Ripple in the country.
The money transfer company said it’s elated to join the likes of MoneyGram American Express, Banco Santander among others in transferring funds through the Ripple globally recognised and demanded network.
While CurrencyBird offers 65% lower cost for crossborder payment, launching on Ripple will sure reduce the cost and time of money transfer.
As said by CurrencyBird, the addition of RippleNet will give more unique qualities to the 12,000 CurrencyBird’s customers across the globe. With RippleNet, the firm says it is adding new routes to its over 50 destinations.
Through Ripple blockchain technology solution, banks and remittance firm are able to make reliable and expeditious money remittance across borders.
Stark Payments Integrates Ripple’s XRP
Stark Payments LTD has announced the testing of Ripple’s XRP on its blockchain platform, calling merchants across the universe to hasten up and make use of its platform for payment.
Stark Payments through its recent integration with different cryptocurrencies makes it easy for businesses to receive payments in XRP without any problem.
These developments are showing up after Ripple announced $50 million investment in MoneyGram, a world money transfer firm said to be the second largest.
The firm, after the investment, revealed it looking into xRapid, a cross-border remittance solution designed to make use of XRP and settle payment with any currency.
While banks who use xRapid need not hold XRP, the solution solves nearly all known remittance problem and offers a cheap service when compared to all remittance solution deployed globally.