Cambridge Global annually processes over $ 20 billion in international payments, and recently appeared in a document, which reveals how the company uses technology Ripple.
According to the Nilson Report, Cambridge Global “first, planning the use of Ripple XRP in Mexico. And later in other countries of Latin America and the Asia-Pacific region.”
At present, a company like Cambridge , you need to keep funds in Bank accounts in all countries in which it conducts business to perform financial calculations. In any country where Ripple can provide immediate convert XRP to Fiat currency using ACH, Ripple customers will not need to store their own funds in a local Bank …
Ripple is constantly developing its affiliate network, joined by more and more financial institutions and companies in the field of remittances. These organizations understand that the blockchain Ripple can protect their businesses and to facilitate new areas of activity related to the instantaneous exchange of data and valuable assets.
Ripple is working on expanding its blockchain, which provides B2B international money transfers and is planning a presence in each country where it is possible to convert XRP into the local Fiat currency using ACH.
The report is based on interviews with the chief operating officer of Cambridge Global mark Frey and CEO of Ripple Labs business development Danny Aranda.