Ripple aims to make the flow of money very smooth. So, it provides RippleNet to build connections between banks and payment providers for easing the sending and receiving procedures of transferring money globally. RippleNet is equipped with advanced blockchain technology. Moreover, it is suggested that RippleNet is both, secured and scalable.
Recently, it was revealed that more than two hundred customers have joined the RippleNet. These customers are mostly banks, payment providers and digital asset exchanges. To cross the benchmark of two hundred, thirteen companies were added to the RippleNet. These thirteen companies include: Euro Exim Bank, SendFriend, ConnectPay, FTCS, Ahli Bank of Kuwait, Transpaygo, BFC Bahrain, GMT, WorldCom Finance, Olympia Trust Company, JNFX, Pontual/USEND and Rendimento. Regarding Ripple, Dan Rocky Aigens, an IT architect who is a senior SAP consultant at Approxima a/s, told BlockPublisher:
I’m fascinated with the work they have been doing in the crypto space and I’m confident they will prevail.
Latestly, companies collaborating with RippleNet are bullish on the future prospects as by joining hands, numerous possibilities are opened. Kaushik Punjani, director of Euro Exim Bank, stated that by joining hands with RippleNet, they are now able to offer new channels for payments. David Lighton, the founder of SendFriend, suggested that their partnership RippleNet enables them to deal with efficiency and equity problems and allow them to provide fast and cheap payment solutions. Ashay Mervyn, head of emerging markets at JNFX, stated that RippleNet is capable of managing the inefficiencies such as cost, speed and transparency that are encountered while funds are transferred in between countries.
Brad Garlinghouse, CEO of Ripple, claims that Ripple saw about 350 percent increase in the number of people who were sending live payments. Brad further elaborates that almost one hundred clients joined RippleNet in 2018. He clarified and concluded that Ripple aims to provide efficient cross-border payments experiences for their users. At the moment, Ripple is operating in forty countries. With time passing by, we expect the RippleNet to expand and grow in more areas of the world.