On October 9, Ripple shared news about its new collaboration. The new partner is Finastra company that provides payment services. Ripple will help it integrate its blockchain technology to accelerate transnational payments and will provide access to over 200 financial institutions around the world that work with RippleNet at the moment.
The companies and banks working with Ripple will also have access to the hundreds customers of Finastra around the world.
Ripple will enable Finastra’s customers to conduct overseas payments, track them on the end-to-end basis, see all the ongoing fees, status and time of delivery.
Finastra’s clients will also have an optional access to using Ripple’s new product On-Demand Liquidity that utilizes XRP. A high-ranking Ripple executive says:
“We’re thrilled to be partnering with a forward-thinking company like Finastra to bring Ripple’s technology to their many customers.”
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