https://www.finextra.com/pressarticle/69010/ripple-talks-up-network-effect-with-ten-banks-onboard/wholesaleRipple talks up network effect with ten banks onboard
35 minutes ago
Ripple, the only blockchain payments provider with proven commercial deployments, 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 some of the world’s largest banks, innovative smaller banks and payment service providers (PSPs). These customers have all turned to Ripple as the blockchain solution that solves the problems of speed, scalability and costs associated with the old way of conducting global payments.
● BBVA, one of the top 50 largest banks in the world, is using Ripple to enable real-time payments between Europe and Mexico.
● Digital banking pioneer and one of Turkey’s largest private banks, Akbank, is the first bank in Turkey to adopt blockchain and is a model for other banks who want to make faster cross-border payments without the need for correspondents.
● Star One is the first credit union to offer Ripple remittances to customers via eZforex.com, demonstrating how smaller banks can lower costs and achieve much greater reach for their customers.
● Cambridge Global Payments and Earthport are collaborating with Ripple to improve the customer experience, increase the reach and reduce the cost of real-time cross-border payments.
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(many banks making positive comments inc...)
Amresh Acharya, Group President and Head, Global Indian Banking, YES BANK:
“
India is the largest recipient of personal remittances in the world, and
as a leading Indian bank with a strong focus on technology, we are glad to partner with Ripple to realize the enhanced efficiencies of blockchain for real time cross-border payments. This partnership is a continuation of YES BANK’s ethos of using
state-of-the-art technology innovation to offer a superior banking experience to our customers.”