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Ripple expands its presence in Asia with 3 new partnerships

    Ripple expands its presence in Asia with 3 new partnerships

    Ripple has added three new customers in Korea – units that will use the RippleNet blockchain-based payment network.

    Ripple has entered into partnerships with money transfer companies Sentbe, Hanpass and WireBarley, according to the company notification on Tuesday of Ripple. These three companies joined Ripple with the aim of making cross-border payments faster and cheaper through RippleNet.

    Sentbe focuses on the South and Northeast Asia corridor, including countries such as the Philippines, Indonesia, Vietnam, Japan and China; Hanpass focuses on Korea; while WireBarley provides services in the Australian corridor, as well as New Zealand, Hong Kong, Japan and South Korea.

    “Korea is a hot spot for fintech innovation, and we are committed to developing our customer base and presence,” said Emi Yoshikawa – Ripple's global managing director. "Since the Korean government started licensing remittance payment providers in 2017, we have witnessed how Korean payment companies significantly improved the payment experience for our customers. them, and we are delighted to be part of their ongoing efforts. "

    Another South Korean money transfer company, Coinone Transfer – joined RippleNet in 2018, has achieved a growth rate of 50% over the previous month in terms of payment volume since joining the network, as revealed by Ripple.

    Notably, Ripple said on Tuesday that nearly half of RippleNet's customers are based in the Asia-Pacific region.

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    According to The Block
    Translated by ToiYeuBitcoin

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