UK Firm Paydek Taps Ripple Blockchain To Extend Near-Instant Payments To Latin America And Africa

UK Firm Paydek Taps Ripple Blockchain To Extend Near-Instant Payments To Latin America And Africa
фото показано с : zycrypto.com

2021-9-18 14:45

RippleNet, the blockchain-based enterprise global payments network of Ripple, is primed to increase its footprint in Latin America and Africa with a remittance firm set out to unveil cross-border remittances using the tech.

Based in London with a keen focus on payment services for both corporate and individual clients, Paydek has joined RippleNet in an ongoing collaboration with San Francisco-headquartered blockchain industry behemoth Ripple.

Paydek Adopts RippleNet For Real-Time Cross-Border Remittances

In a September 16 blog post, Ripple revealed that freelance and on-demand workers across Latin America and Africa can now send and receive real-time cross-border payments with Paydek through RippleNet. Paydek initially partnered with Ripple in Africa but has since expanded into Latin America after a link-up with Localpayment.

The firm is now using RippleNet to address some of the problems faced by its freelance customers and local economies in the on-demand industry, which is projected to grow to $455 billion in the next two years.

“Our two new connections with Ripple in Africa and Latin America marks another milestone in building additional local payment rails and the payment technology infrastructure for our clients and partners. The ability to provide fast payment delivery and a broad array of payment options is vital to our clients’ financial stability,” Paydek’s Managing Director, Terry Hopkinson, commented on the new development.

Paydek offers an array of fast, cheap, and efficient payment options for its customers to choose what works best for them. The payment firm will support nine local currencies in Africa and four fiat currencies in Latin America.

An Expanding RippleNet Landscape

In recent years, Ripple has been working hard to expand its RippleNet network, with the ultimate goal to ensure real-time payments and clearings of international transactions.

RippleNet’s Europe Managing Director Sendi Young lauded the addition of Paydek to RippleNet due to its blockchain technology’s ability to significantly transform cross-border money transfers. The move is seen as a big win for Ripple since it will help the fintech firm strengthen its presence in Europe, the Middle East, and Africa.

So far, RippleNet boasts over 300 financial institutions, including banks, remittance forwarders, payment providers, and other financial institutions leveraging the SWIFT-replacement blockchain product for settlements.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 0.513 (-0.16%)
Объем 24H $1.092b
Изменеия 24h: 0.73 %, 7d: -2.52 %
Cегодня L: $0.4973 - H: $0.5173
Капитализация $29.176b Rank 7
Цена в час новости $ 1.072 (-52.15%)

payments america africa latin ripple firm remittance

Источник: zycrypto.com

payments america → Результатов: 78


DASH Usage Doubles In Q1 Across Latin America As Privacy Concerns Build

The privacy-enabled cryptocurrency, Dash, is seeing widespread adoption across the globe with countries in the Latin American (LATAM) region leading the charge. A Q1 2020 report from Dash Core Group (DCG), a non-profit organization leading the development of the blockchain, shows that overall commercial payments using DASH across the LATAM region spiked 104% in this […]

2020-6-10 21:20


Фото:

Ripple Granted Exemption From Holding A License In Singapore Thanks To Its Frictionless Remittance Solutions

Ripple’s payment solutions have gained traction in recent days as more customers leverage the solutions to power fast payments worldwide. These remittance solutions have earned Ripple recognition from the US Congress, traditional banking institutions like Bank of America and also the Monetary Authority of Singapore (MAS).

2020-4-16 14:49


Bitso and Ripple Are Delivering Friction-Free Exchange Across Latin America

In 2014, the founders of Bitso believed that blockchain technology and digital assets could boost financial access for Latin America’s large underbanked population. A major step in achieving this vision came when the company partnered with Ripple to deliver instant and cost-effective cross-border payments for Mexican businesses and retail customers.

2020-3-6 22:47


Ripple Named An ‘Innovation Example’ By Bank of America For Cross Border Payments

Bank of America is easily one of the most influential and one of the largest banks in the world, so any stance of this institution holds significant weight. With the recent declaration that Ripple is an “innovation example,” the XRP community is thrilled, as one member, BankXRP, shared a screenshot from the praise-filled document. Bank […]

2019-12-11 00:07


Bank of America (BoA) Completes Application Process for Their Ripple Product Manager

Bank of America (BoA) closes the application for “Treasury Product Manager” position, who will lead the development of a Ripple based blockchain solution. BoA’s Completes the Application Process According to the official post on LinkedIn, the financial giant may have found a suitable product manager to lead the team on the “development of cross-boarder payments […]

2019-10-10 19:26


“Larger Consumer Tipping Point is Coming,” Ripple’s VP of EU on XRP’s Use as a Bridge in Cross-Border Payments

Huge opportunity to capture the unbanked and underbanked, Jeremy Light XRP as a bridge currency will be a game changer RippleNet is now active in more than 40 countries across 6 continents — from Asia, Africa, North America, South America to Europe — reports international Association of Money Transfers Networks (IAMTN). A non profit organization, […]

2019-8-29 20:03


On The Way To New Highs: Corporate America Falls Head Over Heels For Bitcoin

While the US government has shown its intense dislike and mistrust for Bitcoin, Corporate America is smitten with the cryptocurrency and has fallen head over heels for it. Square which is one of the largest payments processing firms on earth has a division for cryptocurrencies and a Bitcoin lover is heading it! Jack Dorsey who […] The post On The Way To New Highs: Corporate America Falls Head Over Heels For Bitcoin appeared first on ZyCrypto.

2019-8-3 14:11


Ripple launches Brazil base to grow its blockchain payment solution

Ripple, the enterprise blockchain solution for cross-border payments, announced they have launched operations in Brazil to expand its reach within South America. In addition, Ripple is also bringing on seasoned fintech entrepreneur and executive Luiz Antonio Sacco as managing director to drive strategy and build the Ripple ecosystem in the region. It was reported that […]

2019-6-11 17:41


дальше еще 29 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru