Ripple Enhances Cross-Border Payment Services in Over 70 Markets with Ripple (XRP) Payments

• Ripple Payments has now expanded to more than 70 markets worldwide. 
• The firm reaffirms its commitment to creating seamless experiences for institutional players.

The Ripple ecosystem has remained committed to expanding its reach. In an attempt to strengthen this commitment, the Ripple network has stretched its payment services to more than 70 markets.

As stated on previous occasions, Ripple is affirming its position as a network centered around elevating cross-border payment. This decision could pay off in the long term as demand for digital assets continues to increase. According to data shared by Ripple, over 80% of global finance leaders are likely to begin using digital assets in their businesses within the next three years.

Presently, the market has already seen its payments expand to more than 70 markets through its international payments network, making it possible for its customer base to access almost 100% of the global payout.

Notably, Ripple has also gained recognition from reputable regulators. As revealed in a recently published blog post, Ripple has received money transmitter licenses across numerous U.S. jurisdictions. The
The Monetary Authority of Singapore has also allowed Ripple Payments to offer its products and services within those jurisdictions.

Ripple maintains that its vision has always been tied around moving value most seamlessly, as such, streamlining cross-border payments using blockchain-enabled solutions. It aims to achieve this by fine-tuning its payment solutions with expert knowledge obtained from its years of experience in serving customers at a global scale.

Ripple Payments are already being utilized by notable crypto firm

At present, RocketFuel, a payment solutions provider for merchants sending or accepting payments via crypto or fiat has begun utilizing the latest iteration of Ripple Payments. Using Ripple payments, the firm can attend to customer needs, and carry out direct payments in many different payout currencies. Said Peter Jensen, the CEO of RocketFuel.

For too long, the financial industry has suffered from using antiquated technologies, resulting in high costs, lost revenue, and inefficient and unpredictable processes. Blockchain and digital currency applications provide an avenue to radically improve those shortcomings.

Jensen went on to explain that Ripple payments also support its products, and allows the firm to extend its services to its customers at a global scale.

Meanwhile, Brendan Berry, Head of Payment Products at Ripple explained “We’ve long known that payments are unequivocally the ‘killer app’ for digital assets.” To bring this vision to life, creating stress-free experiences for institutional players aiming to solve real-world problems is extremely important.

“With more businesses than ever seeing real utility in blockchain, our goal is to provide our customers with optionality, speed, ease of use, and compliance – all in one comprehensive product,” Berry added.

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