RippleNet surpasses 200 customers with 13 financial institutions joining recently

14 Jan, 2019 | Updated: 14 Jan, 2019
by Fifi Arisandi
RippleNet surpasses 200 customers with 13 financial institutions joining recently

Thirteen new financial institutions are joining the RippleNet network, making it to have more than 200 customers to date. 

Ripple just announced 13 new clients that sign up on their RippleNet payment network, they are Euro Exim Bank, SendFriend, JNFX, FTCS, Ahli Bank of Kuwait, Transpaygo, BFC Bahrain, ConnectPay, GMT, WorldCom Finance, Olympia Trust Company, Pontual/USEND, and Rendimento.

With the new additions, the company confirms to have more than 200 customers worldwide on their network, which is double from the number of last year, as reported by Token Talk.

The CEO, Brad Garlinghouse claimed at least 2 new customers are signing up on RippleNet every week, while also seeing a 350% increase in live payments within last year.

Quoting his statement, “In 2018, nearly 100 financial institutions joined RippleNet, and we’re now signing two—sometimes three—new customers per week. We also saw a 350 percent increase last year in customers sending live payments, and we’re beginning to see more customers flip the switch and leverage XRP for on-demand liquidity.”

Moreover, he added, “At the end of the day, our goal is to make sure our customers can provide excellent, efficient cross-border payments experiences for their customers, wherever they are in the world.”

Ripple has been compared with the long-time player in worldwide payment system, SWIFT for quite some time, with the CEO even claimed his technology to have overthrown SWIFT as the leading cross-border money transfer method.

He, however, also stated that Ripple is open to any partnerships with SWIFT, which he believed it would be beneficial for both as well as the worldwide banking system.

Responding to the whole “comparation and competition” topic between the two, the date for an official debate has been set on February 13-14 in Rust, Germany, with both companies’ global head of banking as the representatives.

How will the debate turn out? Stay with Chepicap to find out.

Read more:

Brad Garlinghouse: Ripple is "taking over Swift"; Institutional interest in XRP is "on the rise"

Ripple vs SWIFT: International payment giants to go head to head in debate

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