Ripple has announced a partnership with Clear Junction. The objective is to enhance cross-border payments in the UK and the European Union. It will initially facilitate transactions backed by EUR and GBP. The partnership plans to list more currencies in the coming years.
Both partners bring a wealth of unique elements to the table. For instance, Ripple is well-known for its innovative blockchain and crypto solutions for businesses. Clear Junction carries the reputation of being a global leader in cross-border payment solutions. Ripple’s payment customers will have GBP and EUR coverage. Ripple has chosen Clear Junction because of its commitment to the security of user funds.
Cassie Craddock, the managing director of Ripple in Europe, has said that the partnership is a perfect fit, adding that they have been able to support all the major use cases since the beginning of their partnership. They are now excited to see where the partnership leads them in the future. Cassie has applauded Clear Junction by acknowledging that it already has good relations with most of its customers, further stating that its management team has experience in the domain of cross-border payments and banking, making them ideal partners in this situation.
Sentiments are mutual across Clear Junction. Dima Kats, the Chief Executive Officer and Founder of the company, has said that two elements will be at the core of their operations, namely cryptocurrencies and blockchain technologies. In order to better meet the needs of its clients, Dima has pledged to strive relentlessly to find new business prospects. Kats has stated that their collaboration with Ripple exemplifies the convergence of two distinct institutions to enhance their individual offerings and products.
Needless to say, both sides are looking forward to working together, for this is merely the commencement of a new collaborative phase.
Clear Junction’s strength lies in securing and protecting customer funds. It is an FCA-authorized eMoney institution that has constantly reassured its partners of its offerings. Clear Junction now has ISO 27001 certification to its name, further demonstrating its efforts to partners around the world.
Ripple Payments serves more than 55 countries and six continents. It boosts economical and faster cross-border payment mechanisms with a superior end-to-end customer experience. Other offerings from Ripple Payments include liquidity management, network partnering, and lines of credit, to name a few.
The development comes at a time when Brad Garlinghouse, the CEO of Ripple, is speculating about the launch of the XRP ETF in the market. There is no official word from the US SEC, but it is likely that the XRP ETF could soon enter the market once the other Ether ETF gets the final nod of approval. Brad, however, is confident that the XRP ETF will enter the market by 2025.
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