Ripple-Affiliated MoneyNetint Successfully Facilitates Over 100 Crypto Transactions in its First Month

  • MoneyNetint makes use of RippleNet’s existing financial framework to process its native transactions.
  • The firm recently teamed up with Brazilian payments firm ‘BeeTech’ so as to increase its market clout in South America.

Over the course of the past few months, Ripple seems to have broadened its mainstream operational scope by teaming up with a number of major banks such as Kasikorn and SCB — by allowing them to facilitate crypto-based tx’s in a simple and streamlined manner. In this regard, it should be pointed out that the firm’s recent joint venture with MoneyNetint has turned out to be quite a draw for the masses since it offers customers with a global payment solution that comes laden with minimal peripheral costs.

For those of our readers who may not be aware of what MoneyNetint is, it is essentially a blockchain-based payments platform that has been designed exclusively for facilitating cross-border tx’s.

During a recent interview with the Business Development Director of MoneyNetint — Rafael Golan — he was quoted as saying:

“We knew that if we could cut transaction times from a few days to less than 24 hours, our clients would become better equipped to invest more time and money in developing their businesses. We saw that blockchain technology could disrupt the traditional cross-border payments industry but couldn’t find a partner who could provide a professional and reliable platform until we met the Ripple team.”

Other Key Data Worth Highlighting

  • MoneyNetint recently entered into a partnership with Ripple-backed Brazilian payments provider BeeTech.
  • Over the course of the past 30 days, the firm has already been able to facilitate more than 100 transactions across S.America and Europe.

Final Take

As things stand, it appears as though MoneyNetint’s executive brass is already looking to set up their business operations within a number of other countries (such as the US and Philippines) by the end of 2020. It now remains to be seen how the future of the company plays out from here on end.

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Shiraz J
Shiraz is a multi-year cryptocurrency analyst and blockchain journalist residing in Melbourne, Australia. When he is not writing about the bitcoin ecosystem, he enjoys the art of meditation, playing the blues and traveling the world.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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