Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Editorial Policy
    • Submit Press Release
  • Disclaimer
  • Blockchain
  • News
  • Ripple (XRP)

Ripple Seals Partnership with MoneyMatch to Expand to another 120 Countries

Solomon Odunayo April 16, 2020 2 min read
Ripple Seals Partnership with MoneyMatch to Expand to another 120 Countries

Ripple, the US-based blockchain tech, has some hours ago announced its partnership with a Malaysian cross-border payment service, MoneyMatch.


trade now

The addition of RippleNet to its payment platform is expected to significantly accelerate its transaction speed and reduce its transaction cost.

Ripple reported this newly sealed partnership via its official website and shared on its Twitter feeds a couple of hours ago.

“MoneyMatch partners with Ripple to offer faster and more affordable payments to more than 120 countries around the world,” Ripple shared.

.@moneymatchapp partners with Ripple to offer faster and more affordable payments to more than 120 countries around the world. https://t.co/nH1SyG8s9O

— Ripple (@Ripple) April 15, 2020

Why the Partner Is Good for Both Ripple and MoneyMatch

The new partnership between Ripple and MoneyMatch is expected to bring about mutual benefit between the duos.

MoneyMatch works with small and medium-sized enterprises (SME), so the company needs Ripple’s payment tool, RippleNet, to optimize its transaction speed and cost for better service delivery, while Ripple gains access to over 120 countries across the world, where MoneyMatch cross-border payment services reach.

Adrian Tap, the CEO of MoneyMatch, while reacting to the partnership with Ripple, said, banks make a lot of profits from FX-operations which are costly for their customers.

He said, “After joining RippleNet, we were suddenly a credible partner for all these financial institutions and payment providers around the world. Working with RippleNet partners allowed us to cut our costs by as much as 40% and instead of transactions taking at least two days, we were completing payments in just a few hours.”

Ripple’s Partner, SBI Holdings Starts the Use of R3 Blockchain for FX Trading

SBI Holdings, one of the loyal Ripple’s partner has started the use of R3 blockchain technology for foreign exchange margin (FX) trading.

Going by a report, this is the first practical Corda blockchain application in the country. The use of Corda will start between SBI Securities and SBI Liquidity Market. Its services will further expand to outside of the SBI Group of companies, depending on the outcome of the first operation.

SBI Group said,

“…we have reduced the operational risk in the confirmation business and ensured high privacy protection and tamper resistance. In addition, the blockchain guarantees the identity of transaction data between the parties and improves the reliability of collation work. Furthermore, the real-time transmission of information enables seamless data linkage to back office work.”

Trade Now

Continue Reading

Previous: Ethereum Classic (ETC) TestNets are Successfully Updated, Now Ready for MainNet
Next: Ethereum (ETH) Geth Client Implementation v1.19.13 Has Been Released; Raises Tx Limits

Related Stories

Metaverse Real Estate Sells For A Record $5,000,000 inside TCG World
3 min read
  • Metaverse
  • News
  • Press Release

Metaverse Real Estate Sells For A Record $5,000,000 inside TCG World

May 26, 2022
UST And LUNA Trading Volumes Soar As Terra 2.0 Airdrop Draws Closer
2 min read
  • Altcoins
  • Crypto Trading
  • Cryptocurrency
  • News
  • Terra (LUNA)

UST And LUNA Trading Volumes Soar As Terra 2.0 Airdrop Draws Closer

May 26, 2022
ETH Gas Fee Hits Lowest Levels Since July 2021; Ethereum On Accumulation Phase
2 min read
  • Blockchain
  • Cryptocurrency
  • Ethereum (ETH)
  • News
  • Price Analysis

ETH Gas Fee Hits Lowest Levels Since July 2021; Ethereum On Accumulation Phase

May 25, 2022

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$29,578.00
-0.60%
ethereum
Ethereum (ETH)
$1,875.78
-4.59%
tether
Tether (USDT)
$1.00
-0.11%
usd-coin
USD Coin (USDC)
$1.00
-0.19%
binancecoin
BNB (BNB)
$315.16
-3.64%
ripple
XRP (XRP)
$0.396894
-2.10%
Binance USD
Binance USD (BUSD)
$1.00
0.12%
cardano
Cardano (ADA)
$0.494028
-3.84%
dogecoin
Dogecoin (DOGE)
$0.079684
-4.18%
polkadot
Polkadot (DOT)
$9.37
-5.91%

Recent Posts

  • Metaverse Real Estate Sells For A Record $5,000,000 inside TCG World
  • UST And LUNA Trading Volumes Soar As Terra 2.0 Airdrop Draws Closer
  • ETH Gas Fee Hits Lowest Levels Since July 2021; Ethereum On Accumulation Phase
  • CharterPrime Review – Is CharterPrime Scam or a Proper Broker?
  • Do Kwon Intends To Make Terra Classic By Forking LUNA Blockchain
  • Grayscale Is Planning On Listing Its First European Exchange Traded Fund
  • Celsius Is Planning On Taking Its Crypto Mining Business Public
  • Terra Team May Not Redeem Promised Refunds, Especially For Smallholders – Whistleblower
  • Coinbase Adds BNB Chain And Avalanche To Token Swap Service
  • Richardson Lewis Review – Is Richardson Lewis Scam or a Proper Broker?
  • PancakeSwap Guide 2022 – Everything You Need To Know About This DEX
  • Polkadot-based Smart Contract, T3rn Deploys Latest Testnet
  • Uruguayan Authorities Launch Campaign Against Crypto Scams
  • GameStop Announces The Launch Of A Crypto Wallet
  • Litecoin To Be Delisted Out Of Major Crypto Exchanges

Disclaimer

This website may have financial affiliations with some (not all) of the brands and companies mentioned on this website. Information found on Herald Sheets represents those of writers quoted. It does not represent the opinions of Herald Sheets on whether to buy, sell, or hold any investment assets. Investors must do their own research before investing their money and only do so at their own risk.

Categories

You may have missed

Metaverse Real Estate Sells For A Record $5,000,000 inside TCG World
3 min read
  • Metaverse
  • News
  • Press Release

Metaverse Real Estate Sells For A Record $5,000,000 inside TCG World

May 26, 2022
UST And LUNA Trading Volumes Soar As Terra 2.0 Airdrop Draws Closer
2 min read
  • Altcoins
  • Crypto Trading
  • Cryptocurrency
  • News
  • Terra (LUNA)

UST And LUNA Trading Volumes Soar As Terra 2.0 Airdrop Draws Closer

May 26, 2022
ETH Gas Fee Hits Lowest Levels Since July 2021; Ethereum On Accumulation Phase
2 min read
  • Blockchain
  • Cryptocurrency
  • Ethereum (ETH)
  • News
  • Price Analysis

ETH Gas Fee Hits Lowest Levels Since July 2021; Ethereum On Accumulation Phase

May 25, 2022
CharterPrime Review – Is CharterPrime Scam or a Proper Broker?
3 min read
  • Cryptocurrency Brokers News and Reviews

CharterPrime Review – Is CharterPrime Scam or a Proper Broker?

May 25, 2022
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%