Ripple continues to push the boundaries of what’s possible with blockchain-powered global payments. At its recent Swell conference, the company announced several key developments that reinforce its commitment to enabling seamless cross-border transactions.
Central to Ripple’s progress is obtaining money transmitter licenses across the U.S. and Singapore. These open the door for Ripple Payments to provide frictionless payment solutions legally across key markets. Ripple also revealed that new integrations give customers access to payout capabilities covering nearly 100% of the world.
Liquidity and speed remain essential for enterprise adoption. An integration with the XRP Ledger now simplifies customer onboarding while enhancing liquidity sourcing. Ripple can fulfill payments 24/7/365 via expanded liquidity pools.
The deep payments expertise Ripple has accrued over the past decade continues being channeled into fine-tuning its offering. The first customer leveraging Ripple’s enhanced global payout network is RocketFuel, a crypto and fiat payments provider.
RocketFuel CEO Peter Jensen emphasized that Ripple Payments “allows us to serve our customers globally in a dramatically more effective way than the legacy financial system.”
With machine learning algorithms, Ripple Payments can now proactively predict liquidity needs for diverse payments like internal transfers, remittances, and B2B transactions. As Ripple’s Brendan Berry explained, “Our goal is to provide optionality, speed, ease of use, and compliance – all in one comprehensive product.”
Ripple’s advancements reinforce its pole position in blockchain payments. As more companies seek to modernize global transactions, Ripple continues setting the standard for seamless cross-border settlement. Its latest improvements exemplify Ripple’s commitment to evolving its suite of enterprise solutions.