Ripple, one of the most important blockchain solutions around the globe, is expanding its xVia network to five new customers. Three enterprises are from the United Kingdom (UK), FairFX, RationalFX, and Exchange4Free, while the two remaining are UniPAY and MoneyMach – from Georgia and Malaysia respectively.
Ripple New xVia Partners
The partnership will allow these companies to use the xVia service to power frictionless payments over RippleNet. The product includes faster entry into new markets, reduced operational costs, faster transactions, and end-to-end visibility over a payment’s journey.
Senior Vice President of Product at Ripple, Asheesh Birla, said about the partnerships:
“By tapping our global network with xVia, our customers now access new markets quicker and cost efficiently. All of these customers run into the same problem: building bespoke connections to banks and networks all over the world. It’s expensive and time consuming. xVia enables them to grow their overall market share by reaching new customers in new markets, easier than ever before.”
With xVia, payment originators will be able to maintain a standard connection through the platform, and at the same time, power payments over the RippleNet. In this way, high failure rates related with traditional bank transfers will be reduced.
Ripple is working with enterprises from all over the world promoting their services and products. Among the most important clients that Ripple is working with we can mention Santander Group, and more than a dozen of central banks.
“xVia will allow us to reach more people, more efficiently and at a lower cost,” explained james Hickman, Chief Commercial Officer (CCO), at FairFX, one of the enterprises involved in the partnership with Ripple. “It will also enable us to deliver on our commitment to give customers the most transparent, efficient and truly global money transfer experience possible using RippleNet.”
WIth these new partnerships, Ripple will be working with more than a hundred different clients from all over the world in many different fields.