Ripple has partnered with London-based Finastra to give its customers access to the RchainNample blockchain network
Fintech Times said on Wednesday 16 October 2019 that the collaboration between the two companies has seen the arrival of more than 200 existing customers in Ripple, through access to the Finastra banking network, the world's third-largest financial services technology company, which includes 48 of the World's Top 50.
Ripple is investing in the BRD portfolio to expand the use of its XRP currency :
According to the Fintech Times report, which indicates that Ripple is collaborating with Finastra, Finastra customers and existing RippleNet partners will be able to deal across borders through comprehensive tracking and transparent monitoring of fees, delivery time and status.
Customers will be hosted on the Cloud Ripple solution to improve service speed, as well as an option to use the Ripple on-demand liquidity solution, which allegedly provides a 3-second settlement time for international payments.
Ritesh Singh, Senior Vice President of Finastra, said Finastra's cooperation with Ripple reflects the company's belief that the future of funding is open.
The use of blockchain technology would be of particular benefit to customers in countries and jurisdictions where the corresponding banking costs were high
High level customers but social differences continue
In August 2019, the National Petroleum Company (the eighth largest bank in the United States, which has nearly $ 400 billion in financial assets and the country's first bank) began to use the RippleNet network for cross-border payments.
As XRP's token price continues to fall, Ripple CEO Brad Garlinghouse has responded to a range of Ripple disagreements in recent interviews.
Anthony Pompliano, founder of Morgan Creek Digital Assets, said on October 9 that the company's transparency has opened doors for us to attack, citing persistent concerns about Ripple's handling of XRP sales. Garlinghouse confirmed that Ripple sells XRP for 10 basis points of daily market size with 99.9% of XRP's non-sales volume
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