Ripple has held a solid place in the news for both the crypto and social media world lately, which started around the same time as Ashton Kutcher made it known on the Ellen DeGeneres show. However, the recent attention comes from the decision to add more firms to the crypto network. The latest additions have been InstaReM from Singapore and BeeTech from Brazil. These two firms wanted to open the door that can connect the countries in their instant payment technology.
Prajit Nanu, who is the CEO of InstaReM, stated,
“The network connectivity that Ripple’s innovative blockchain network provides will allow us to offer our customers – including corporates and small businesses – quick hassle-free payments into BeeTech’s markets.”
The CEO of BeeTech, Flavio Pavani, also made comments on the partnership, expressing their excitement over the benefits that the Southeast Asian market will have from the inclusion. In a statement, Pavani said,
“This partnership on RippleNet provides our customers [with] a one-stop shop experience, including the ability to send payments and access new suppliers across more than 60 markets through xVia – a simple API connection.”
Along with the additions of InstaReM and BeeTech, Ripple has also registered Currencies Direct (United Kingdom), Kuwait Finance House (Kuwait) and Coinone (South Korea) with their platform for instant transfers. However, the reason that InstaReM and BeeTech are so important is because it is the first time that two non-banks have been members of the same platform to open exchanges between Southeast Asia and South America.