Ripple Acquires Its First Partner In Chile As Currency Bird Joins RippleNet
- Santiago, Chile-based Currency Bird joins RippleNet
- The agreement was finalized in March 2019 and become operational as of July
- This partnership will offer the company's more than 12k clients simple, safe, transparent, and low-cost international transfers
Ripple’s growing network has made another new achievement by adding another country to its global reach.
Currency Bird is the first transfer company in Chile to join the global network of Ripple, of which recognized institutions like MoneyGram, American Express, Banco Santander, Standard Chartered Bank, and Banco Itaú are already part of.
“CurrencyBird is the first transfer company in Chile that joins the growing global network Ripple Net,”
announces the company on Twitter on June 25.
Started in May 2015 in Santiago, Chile, Currency Bird make international transfers through electronic payments. The focus of the company is to optimize international transfers from bank accounts in Chile to the ones in abroad.
Ripple’s global payments network RippleNet provides on-demand liquidity in cross border transactions and operational consistency through a common framework.
The network has already more than 200 banks and payment providers from all over the world that makes it easy to connect and transact among each other.
Currency Bird’s addition to RippleNet, the company says will help them bring many benefits to its over 12,000 customers.
In its official announcement, the firm said this partnership will allow it to add new routes to its more than 50 destinations and new currencies along with better prices and faster transfer speed by using the blockchain technology.
“Being part of this worldwide network supports the work we have been doing since 2015, as an enterprise supported by Corfo, to offer our more than 12 thousand clients simple, safe, transparent and low-cost international transfers,” said Teófilo de la Cerda, founder and CEO of Currency Bird.
The agreement between Ripple and Currency Bird was finalized in March 2019 and now as of July, it is operational through Currencybird.cl platform.