Ripple has announced a new partnership with London-based fintech solutions provider Finastra.
The collaboration will allow Ripple, which provides enterprise blockchain solutions for cross-border payments, to offer its solutions to Finastra’s banking customers.
The company says that hundreds of financial institutions using Finastra’s solutions will be able to make cross-border payments by connecting and transacting with over 200 Ripple partners worldwide.
Institutions on RippleNet, Ripple’s global blockchain payments network, will then be able to access Finastra’s vast global footprint.
Users will also be able to send international payments tracking and verifying fees, delivery time and transaction status.
According to the announcement,
“Customers will be hosted on Ripple’s cloud solution which will significantly improve speed of integration with other network partners and allow for faster upgrades. They will also have the option to use On-Demand Liquidity, which leverages the digital asset XRP for cross border payments.” Read More...