Ripple has announced a new partnership with Clear Junction. The partnership will see Clear Junction facilitating instant and secure GBP and EUR-denominated payout coverage for Ripple’s payments customers. A host of new currencies are scheduled to be switched on for Ripple customers later this year.
Cassie Craddock, Managing Director, Europe at Ripple, said: “Clear Junction is a great fit for Ripple. From the word go, it was able to support all of our use cases, including providing GBP and EUR payout coverage for our clients sending payments into the UK and European Union. Clear Junction already has strong relationships with a number of our existing clients, and its management team has many years of experience in cross-border payments and banking. We are excited to bring Clear Junction into our network, and we see this as merely the start of our relationship.”
Go deeper with GlobalData
Ripple serves hundreds of customers in over 55 countries and on six continents
As an FCA-authorised e-money institution in the UK, Clear Junction’s operational strengths give its partners the reassurance that their funds are secure and protected by necessary payment industry and data security safeguards.
Dima Kats, Founder and CEO at Clear Junction, added: “At Clear Junction, we work tirelessly to identify new commercial opportunities to enable us to enhance our existing offering across the fiat and cryptocurrency domains. Blockchain technology and cryptocurrencies will definitely be at the core of the evolution of correspondent banking and we are happy to partner with Ripple to be a part of this process. This partnership is a great example of two institutions coming together to augment their respective products and services. We’re looking forward to working closely with the Ripple team and hope to explore more ways to grow our partnership in the future.”
Ripple Payments provides the enterprise-grade infrastructure required for businesses to leverage blockchain easily for faster, cheaper, more efficient cross-border payments without needing to be an expert.
