Cryptocurrency

Push for Ripples XRP: Ripple brings a new partnership to 1 Million Users on Board

Currently, there are no exclusively bad news. In fact, many companies are in the midst of rising uncertainty still on the way to the front.
Although the employees are working from home, has Ripple just announced a brand new partnership. The cooperation with the Thai company DeeMoney will allow the Blockchain-unicorn, to get one Million new users on Board.

Ripple and DeeMoney – mutual Support

Ripple announced its recent partnership with the Thai Fintech Startup company DeeMoney in a company blog. It seems to be a mutually beneficial connection.
DeeMoney has been specializing in Transfers, and will be, thanks to RippleNet, Ripples of global financial payment network, will now be able to process Live transactions with the “lowest fees and best Rates”.

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DeeMoney is also the first Non-banking institution of Ripple in the country that uses the RippleNet technology. The money transfer company processed payments, which come mainly from South Korea, Singapore and the Middle East to Thailand.
For This Purpose, Ripple:

“Currently it is estimated that, worldwide, about one Million Thais work in the money transfer.”

The company also plans to use RippleNet for outgoing Transfers, for a Thai. This will begin in the second Phase of the implementation.
Aswin Phlaphongphanich, CEO of DeeMoney, says the following:

“We are very excited about the partnership with Ripple, as we jointly pursue the goal to democratize the financial system in Thailand, by creating a new level of efficiency and accessibility for cross-border transactions from and to Thailand.”

Marcus Treacher, SVP of Customer Success at the Ripple, however, explains:

“The digital banking revolution conquered Thailand in the storm, and DeeMoney is a major player. As the first Non-Bank institution in Thailand, which uses the RippleNet, sets the boundaries and rules of engagement new by offering efficient international money Transfers, low fees and competitive rates.

Ripple CEO, Brad garlinghouse writes on Twitter that the entire Ripple Team now work from home, but he assured that the company was still able to serve its customers. Now you have to make sure “more than ever,” that…:

“Individuals continue to give money to your Loved ones home can send, when you need it the most.”

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If we have to deal with the temporary new reality, it is encouraging to see that the cryptocurrency industry is still making progress. And that we can effect when we work from home, still for millions of people around the world.

About the author

Eve Manning

Eve Manning

A native Texan, Eve first started out as a Finance Analyst and later realized that her true passion was not in trading but in writing. She leverages her experience in the Finance industry to analyse and write in-depth news articles covering the Cryptocurrencies, Economy & Finance industries.