Crypto

Ripple Keeps Onboarding Partners Despite COVID-19 Crisis

Ripple has slowly been building up a global network of partners who use their technology and services. If Navin Gupta is to be believed, there are nearly 350 financial institutions using RippleNet, with more to be added in the near future. 

Ripple’s technology has been of great interest to banks and other financial service providers.

Ongoing Ripple Growth Among Financial Institutions

Tapping into more liquidity at a lower cost and settling transactions faster are major selling points, after all.

Navin Gupta, managing director for Ripple South Asia, North Africa, and the Middle East,

has confirmed that things are progressing nicely.

In fact, Gupta claims that nearly 350 financial firms are using Ripple technology for payments. 

More specifically, these institutions use this technology “every day”, which is rather impressive. 

Related Post

Such ongoing growth despite the COVID-19 concerns is worth taking note of.

Looking back at figures shared last year, nearly 50 new partners have been onboarded since November 2019.

If everything goes according to plan, Ripple aims to increase its partners list to 400 by the end of 2020.

Based on the current growth rate, that figure seems attainable.

The financial impact of COVID-19 will force institutions to modernize their systems and provide a better customer experience.

Ripple seemingly provides the necessary tools to do exactly that. 

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Ethereum Ecosystem Primed For A November Rally – ETH Coins Chainlink (LINK), Toncoin (TON), And Cutoshi (CUTO) The Ones To Watch

With a Total Value Locked (TVL) of $50.72B, Ethereum is the world's largest blockchain, with…

5 hours ago

Analysts Predict a Rollblock 5000% Surge Dwarfing Pepe Coin and Popcat Recent Fame

The meme coin market has recently been surging once again; tokens such as Pepe and…

15 hours ago

FLOKI Dominates Meme Market as Rollblock ICO Skyrockets. Is Polkadot Losing Its Edge?

The FLOKI price has recorded over 300% yearly ROI, dominating crypto gains in the meme…

15 hours ago

Which Crypto Could Turn $1K Into $100K: Algorand (ALGO), Aptos (APT), or Rollblock (RBLK)?

Crypto investors are constantly searching for promising opportunities to diversify their portfolios and Algorand, Aptos,…

15 hours ago

Which Crypto Could Turn $1K Into $100K: Algorand (ALGO), Aptos (APT), or Rollblock (RBLK)?

Crypto investors are constantly searching for promising opportunities to diversify their portfolios and Algorand, Aptos,…

15 hours ago

Plus Wallet vs. OKX: A Look at Security, Privacy, and Global Accessibility

A Complete Comparative Analysis of Plus Wallet & OKX: Security, Privacy, Accessibility & Rewards Choosing…

20 hours ago