Ripple and Ria Money Transfer to Boost Blockchain-powered Payments

By Chris Torres | May 5, 2019
Ripple and Ria Money Transfer to Boost Blockchain-powered Payments

Ria Money Transfer, a Euronet Worldwide subsidiary, has recently joined Ripple’s global network (RippleNet) to empower cross-border payments using blockchain technology.

The collaboration aims at extending the footprint of Ripple while enabling Ria’s customers to access to Ripple’s network of more than 200 financial institutions worldwide.

By joining RippleNet, Ria Money Transfer can provide their customers with a better service that is cheaper, faster and more secure. Moreover, Ripple’s technology will enable Ria to track end-to-end transactions, complementing transparency and reliability for its users.

“Ria’s integration with Ripple serves to build rails for an innovative payment infrastructure that seeks to provide easier access to potential partners while delivering faster and cleaner payments to its users. Time is a vital currency for our customers and partners, so we always keep it at the center of our innovation efforts,” said Juan Bianchi, President, and CEO at Ria Financial Services.

Also, through Euronet state of the art Digital Integrated Payments Cloud, RippleNet users will be able to reach Ria’s global fintech ecosystem, enabling cross-border transactions from both sides.

Speaking about the new partnership, Marcus Treacher, SVP of Customer Success at Ripple said: “This partnership will enable Ripple to expand the reach and solutions for our partners and the overall banking ecosystem […] By joining RippleNet, Ria not only enhances our value chain for our partners but will continue to improve remittance times and costs for both their customer and enterprise clients.”

Last month, Switzerland’s major stock exchange SIX Swiss Exchange-listed a Ripple-based (XRP) Exchange Traded Product (ETP), which began trading on April 2, reported by The Crypto Sight.

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