Ripple is upgrading its crypto-enabled cross-border
payments solution, also known as Ripple Payments. This offering is aimed at
enhancing enterprise-grade blockchain infrastructure, making faster, cheaper,
and more efficient cross-border payments accessible to businesses.
In the official statement published today
(Wednesday), the cross-border remittance network noted that the global
financial space is witnessing a shift as more companies and legacy payment
institutions are investing in blockchain integration. Over 80% of global
finance leaders are expected to incorporate cryptocurrencies into their
operations in the next three years.
Currently, Ripple offers expanded access to its
extensive global network of over 70 crypto and traditional payout markets. This
has resulted in nearly 100% global payout coverage through a single onboarding
process.
Ripple has over 30 licenses, including a Major Payments Institution license from the Monetary Authority of Singapore and Money
Transmitter Licenses across the United States. The company is expanding its
solutions to reach a broader customer base, including Small and Midsize
Enterprises.
Monica Long, the President at Ripple , said:
“Ripple has led the way in addressing key components of crypto financial
infrastructure, including liquidity, off-ramps, tokenization, custody, and
compliance. Bringing these elements together within Ripple Payments for…
