For the first time, South America is bullish in Ripple’s underlying technology. The latest report reveals that Chile’s financial entity “Currency Bird” signs a partnership deal with Ripple.
Ripple Partners With Chile’s Currency Bird
Currency Bird, the financial institution, is joining the global network of Ripple. Per the partnership, the firm is adopting RippleNet to become the first Chilean payment firm to offer services on top of RippleNet.
With this, Currency Bird has joined the list of top players that are already employing Ripple’s product across their payment services – MoneyGram, Standard Chartered Bank, American Express, and so on.
Currency Bird offers it’s 12,000 clients safe, secure, and unambiguous international transfers at an affordable price. Its range of clients includes Chilean students studying abroad, Chileans living in different countries, foreigners residing temporarily or in Chile, and companies with foreign trade needs and payment of remuneration or services.
The agreement with Ripple which was finalized recently in March 2019 will be extremely beneficial to Currency Bird’s varied users with advanced new routes to it’s over 50 new destinations and new currencies along with better prices and faster transfer speed using the blockchain technology.
Following the partnership, CEO and the founder of Currency Bird, Teófilo de la Cerda said;
Being part of this worldwide network supports the work we have been doing since 2015, as an enterprise supported by Corfo, to offer our more than 12 thousand clients simple, safe, transparent and low-cost international transfers.
By joining Ripple’s growing, a global network (RippleNet), Currency Bird can process its customers’ payments anywhere in the world instantly, reliably and cost-effectively just like other financial institutions using RippleNet.
Ripple currently counts over 200 clients that use RippleNet technology; in fact, these clients are pretty satisfied in offering quicker and affordable blockchain-based payment solutions to their customers across the world.
Disclaimer: The presented information is subjected to market condition and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.