It would appear that Ripple, the leading global provider of blockchain payment solutions, is on a winning streak. The company recently passed a major
Ripple passes 200 customers globally
First and foremost, Ripple announced in a recent blog post that the company had passed 200 customers internationally.
The new financial institutions signing up for RippleNet are quoted by Team Ripple as being Euro Exim Bank, SendFriend, JNFX, FCTS, Ahli Bank of Kuwait, Transpaygo, BFC Bahrain, ConnectPay, GMT, WorldCom Finance, Olympia Trust Company, Pontual/USEND, and Rendimento.
A few of these companies – JNFX, SendFriend, Transpaygo, FTCS, and Euro Exim Bank – will reportedly utilize Ripple’s native XRP token for sourcing on-demand liquidity. This has the advantage of being substantially faster and less costly than that of traditional banking systems.
Ripple’s CEO, Brad Garlinghouse, also commented on this news, highlighting Ripple’s explosive growth.
”In 2018, nearly 100 financial institutions joined RippleNet, and we’re now signing two – sometimes three – new customers per week. We also saw a 350 percent increase last year in customers sending live payments, and we’re beginning to see more customers flip the switch and leverage XRP for on-demand liquidity,” Garlinghouse noted.
He also went on to state that ”at the end of the day, our [Ripple’s] goal is to make sure our customers can provide excellent, efficient cross-border payments experiences for their customers, wherever they are in the world.”
Banco Santander praises Ripple
This comes amid other good news for Ripple. Specifically, the executive chairman of the Spanish bank Banco Santander, Ana Botin, has announced that their partnership with Ripple is proceeding exceptionally well.
”With this new initiative that is already in place, we’re actually covering 50% of all the FX payments that the Santander Group does annually,” Botin said. Banco Santander has been using Ripple’s application ”One Pay FX” and would appear to be quite satisfied with the results.
”… it works really well, because the rails that we’re using – which, as you say, we’ve collaborated with Ripple – we’ve been testing those for two years, actually with our own employees. And it works. It’s safe. It’s fully compliant, and obviously we’ve made sure we comply with all local regulations. So you’re in safe hands,” Botin continued, heaping praise upon Ripple’s system.
Furthermore, Ripple’s CEO Brad Garlinghouse also recently suggested that Ripple will ”soon” become the digital asset of choice for banks. This news came in a CNBC interview, in which Garlinghouse said ”dozens” of banks would adopt its products in 2019.
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Rasmus Pihl is a writer for Toshi Times by day and an avid follower of the cryptocurrency industry by night. Rasmus holds a Bachelor’s Degree in Marketing from the Gothenburg School of Business, Economics, and Law and runs a Swedish marketing consulting firm. Moreover, when he isn’t writing for Toshi Times, traveling, working or changing the world in some other capacity, Rasmus is more than likely caught up in postgraduate studies.