In a groundbreaking development, some of the world’s top global banks are set to leverage the power of XRP through Volante, a leading provider of cloud payments and financial messaging solutions, according to WallStreetBulls, a prominent financial blog specializing in cryptocurrency and stock market news. This integration is pivotal for the XRP community and the broader crypto industry.
According to a recent X post WallStreetBulls, the blog highlighted the transformative potential of Volante’s integration with Ripple’s real-time payment network, heralding a new era for cross-border transactions. The post was accompanied by an enlightening video that delved into the advantages of this collaboration.
Volante frames this strategic initiative as an opportunity for users to significantly enhance their payment processes, fostering a more competitive landscape for businesses. It also presents improved services designed to expedite customer onboarding and drive operational excellence in the crypto and financial sphere.
XRP And Volante Shaping Cross-border Payments
The benefits touted by Volante for its integrated users are nothing short of revolutionary. They encompass real-time and instant payments, ISO 20022 messaging, open banking, application programming interfaces (APIs), next-generation cross-border capabilities, and blockchain/DLT solutions. The video further highlighted Volante as a secure and compliant service provider capable of processing all types of payments.
Notably, the partnership between Volante and Ripple has a history dating back several years. As revealed by Mom Senja, a respondent on WallStreetBulls, the collaboration between both entities commenced in 2016. This is corroborated by a screenshot showing an official announcement by Ripple, wherein Volante launched a “plug and play” integration solution designed for Ripple’s network.
Volante wrapped up a successful pilot testing phase with a well-known US-based custodian bank, assessing the FedNow instant payment service in June 2023. According to insights from WallStreetBulls, Volante has onboarded many major banks, signaling the likelihood of a significant uptick in utilizing XRP, the cryptocurrency token playing a pivotal role in enabling these pioneering transactions.
As the world of finance continues to evolve, this strategic partnership between Volante and Ripple stands as a testament to the crypto industry’s commitment to revolutionizing cross-border transactions and delivering faster, more efficient payment solutions to a global audience.