Ripple Global Payments Network Grows as More Financial Institutions Join
Global financial settlement solution provider Ripple has announced today the addition of 10 new customers to its growing global network. These financial institutions include MUFG, BBVA, SEB, Akbank, Axis Bank, YES BANK, SBI Remit, Cambridge Global Payments, Star One Credit Union and eZforex.com, representing a mixture of large multinational banks, innovative smaller banks and payment service providers. These customers have harnessed Ripple as the blockchain solution to solve the problems of speed, scalability and costs associated with the old way of conducting global payments.
Brad Garlinghouse, Ripple CEO, commented: “The world’s largest banks have been the first to adopt Ripple’s technology, and the network effect from our customer base is accelerating. People know Ripple is the only blockchain solution for payments that is proven in the real world, and it’s driving demand from financial institutions of all kinds and sizes because they want to stay ahead of the curve.”