Cross-border payment remittance firm Ripple has recently achieved yet another important milestone with its payment services for its customers following its annual conference event known as Ripple Swell. Ripple Achieves New Milestone According to several announcements made by the ...
Ripple Achieves New Milestone
According to several announcements made by the firm during its annual conference, it has recently acquired a key milestone with its payment services for its customers. The company’s customers are now able to access 100% global payout coverage and global liquidity options.
The post read:
Introducing Ripple Payments—the next evolution of Ripple’s payments product delivering a licensed end-to-end solution for FIs and SMEs with 70+ payout markets, expanded crypto liquidity options, integration with the XRP Ledger DEX, and much more.
The X post was also accompanied by a blog post sharing more light on the firm’s latest milestone. It further explains how it will buttress global B2B payments, treasury, and remittances, among others.
According to the blog post, the company has been granted money transmitter licenses by the Monetary Authority of Singapore as well as other United States provinces. This led to the company being able to extend its products and services in more than 70 payout markets. The company also claims that Ripple’s payment products and services have increased both its liquidity and its coverage.
The company also confirmed in its announcement its integration of its payment service with XRPL. This way, customers will benefit from increased liquidity and accessibility as well as more alternatives for crypto liquidity.
The Firm’s Latest Partnership
The company also plans on eradicating customary issues involved in cross-border payments using Ripple’s crypto technology. These include over-long transfer periods, unreliability, and high cost.