Ripple Labs Adds Brazilian Payment Service BeeTech in New Partnership for Same-Day Transfers


Ripple Making Series Of Progress In Brazil And Latin America

Ripple has recently announced on Twitter that it partnered with a Brazilian financial service, BeeTech. Ripple said in a Tweet:

“We’re thrilled to partner with BeeTech. Ripple supports them with payments infrastructure that enables them to rollout new products, offering same-day transfers out of Brazil.”

While BeeTech’s main objective is to simplify and automate processes, it also aims at providing a personified, secure and unique experience to our customers. The idea is majorly centered on connecting financial technology and innovation to transparency for the main currency exchange services in the world.

With many products, BeeTech wants to offer financial solutions that integrate all processes originated in cross-border transactions. Meanwhile, the collaboration between BeeTech and Ripple will open Brazilians and Latin America to myriads of opportunity that will completely exterminate hurdles witnessed in cross-border transaction.

After the announcement, the SVP of Customer Success at Ripple, Marcus Treacher, said:

“BeeTech is a great partner & Ripple customer. Privileged to be working with them & building the #InternetofValue.”

Ripple has sealed lots of partnerships all over the world. Recently, it partnered with TransferGo to unveil a seamless cross-border payment between Europe and India.

Also, Platio, a banking system in London made a vendor agreement with Ripple. The firm intends to use Ripple’s xVia as a means of payment transfer.

Not long, Sri Lanka’s commercial bank, Cargills Bank Limited, partnered with Ripple Labs Inc. to achieve an instant crossborder payment protocol. As commercial banks are partnering with Ripple different Central Banks like the Saudi’s Central Bank also sealed a partnership deal with the financial blockchain technology firm.

Ripple has been making series of progress in the cross-border payment industry and the firm stands as one reputable firm that cannot be rubbished.

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