Ripple gains 10 customers in financial industry
Ripple, a blockchain payments provider, has gained 10 customers in the financial industry: MUFG; BBVA; SEB; Akbank; Axis Bank; Yes Bank; SBI Remit; Cambridge Global Payments; Star One Credit Union; and eZforex.com.
Several of the banks have been using Ripple's platform for cross border payments, according to a press release.
BBVA currently is using Ripple for cross-border payments between Europe and Mexico; Cambridge Global Payments and Earthport are using Ripple to reduce the cost of cross-border payments. Star One is also offering Ripple remittances for its customers, according to the release.
"The world's largest banks have been the first to adopt Ripple’s technology, and the network effect from our customer base is accelerating," Ripple CEO Brad Garlinghouse said in the release. "People know Ripple is the only blockchain solution for payments that is proven in the real world, and it’s driving demand from financial institutions of all kinds and sizes because they want to stay ahead of the curve."