Currencycloud, the global leader in providing embedded B2B cross-border payments for platforms of the future, today announced a partnership with Ripple, the enterprise blockchain solution for global payments.
RippleNet, Ripple’s global financial payments network, makes it easy for its diverse network of financial institutions worldwide to enable faster, lower-cost payments around the world.
Globalisation is an opportunity for businesses of all sizes around the world, but traditional banking continues to favour large corporations, at the expense of SMEs. Currencycloud is reimagining the way money flows around the world and as businesses face a global crisis, the need to move money efficiently around the world becomes ever more important.
The partnership with Ripple will allow Currencycloud to explore new mechanisms for moving money efficiently around the world, especially where regulations and limitations restrict opportunities for SMEs. It is expected that Currencycloud will focus on territories where smaller businesses are under-represented, ensuring clients will be able to process local pay-outs and collections in these increasingly important countries.
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