Currencycloud Partners with Ripple to Process Cross-border Payments

Source: Fazzaco 2020-07-23

Currencycloud, the global leader in providing embedded B2B cross-border payments for platforms of the future, today announced a partnership with Ripple.

The partnership with Ripple will allow Currencycloud to explore new mechanisms for moving money efficiently around the world, especially where regulations and limitations restrict opportunities for SMEs.

RippleNet makes easy for diverse network

RippleNet is Ripple’s global financial payments network. Currencycloud’s partnership with Ripple is mainly relying on RippleNet to process cross-border payments.

RippleNet makes easy for its diverse network of financial institutions worldwide to enable faster, lower-cost payments around the world.

Currencycloud to extend network and remove barriers

Mike Laven, CEO at Currencycloud, commented: “Currencycloud is all about bringing clarity, speed and value to the traditionally opaque, costly and time-consuming issues associated with cross-border payments, particularly for SMEs that have historically been under-served by traditional banking. Ripple’s solution will help us to extend our network to new parts of the world, removing more barriers to payments for our clients.”

Mike Laven, CEO of Currencycloud

Source: LinkedIn

Currencycloud will focus on territories where smaller businesses are under-represented, ensuring clients will be able to process local pay-outs and collections in these increasingly important countries.

Recently, Currencycloud still has secured an e-money license from the Dutch Central Bank, allowing it to continue operating across the EU.

Currencycloud

Ripple

RippleNet

Currencycloud Partners with Ripple to Process Cross-border Payments

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