Ripple continues to successfully recruit new clients to its distributed payment network RippleNet.
Yesterday it became known that two international companies specializing in money transfers: the Singapore InstaReM and Brazilian BeeTech, joined the Ripple network. According to representatives of these companies, this partnership will allow them to increase the speed when transferring money, and reduce the cost of such operations and make them more transparent.
In the framework of cooperation of the company plan to make transfers on the markets of South America, Southeast Asia and Europe.
Fernando of Pawani, founder and chief Executive officer BeeTech, commented on this partnership:
This partnership with RippleNet gives us the opportunity, through a simple API, work in more than 60 markets via xVia.
Also recently RippleNet joined Kuwait Finance House, which announced may 26 that it plans to use the service for international payments. The Bank also became the first in Kuwait, who joined blockchain project to implement its activities.
Only last month, at least six banks and companies working in the field of international money transfer joined the Ripple network.