Ripple Joins New Partners Including MoneyMatch

Published 5 years ago on October 22, 2018

Ripple Joins New Partners Including MoneyMatch

Ripple seems to be the news every week nowadays. The company behind the the third biggest coin in the market never seems to let down its followers with fresh announcements that take place every week. Through their official Twitter, MoneyNetInt deployed decentralised payments on RippleNet. The UK based trading and currency converting firm highlighted that it will start to use the technology offered by the team at Ripple to process foreign exchanging trades. You can see the tweet here:

UK's @MoneyNetInt Joins @Ripple Blockchain RippleNet! Moneynetint, has integrated and deployed decentralized payments using Ripple blockchain network RippleNet! Read More Here: https://t.co/Tw1BfqQc4b #Ripple #RippleNet #xCurrent #FinTech #Blockchain pic.twitter.com/7n4GIvq4wi
— MoneyNetInt (@MoneyNetInt) October 18, 2018

MoneynetInt offer e-wallet management in order to get a simplified transaction process for secure online money transfers and improved utility. According to the MoneynetInt website:“We allow you to save money on international commissions by using our own bank accounts; you will be able to both send and receive money transfers through us as follows:

Send your customers to your OBT page on MNI server.

MNI will generate a reference number and show the customer the MNI bank deposit details in the customer’s country.

The customer will wire the money to MNI bank account with the reference number.

Once the money has reached MNI bank account, MNI will credit your account.”

According to EthereumWorldNews, the popular payment solution that Ripple’s team developed - xVia - MoneyMatch has stated that it has moved value/money from Malaysia to Spain according to Focus Malaysia. The CEO of MoneyMatch, Adrian Yap spoke on the matter and said:

“We’re really proud to make this announcement today as we show clear evidence that a FinTech startup made wholly in Malaysia by young Malaysians is capable of integrating into the Ripple blockchain and performing a live legitimate international money transfer from Malaysia to Europe bringing blockchain innovation to the traditional Malaysian financial services industry.”

MoneyMatch is aiming to redefine how cross-border are. Secure, Efficient to cost and convenient. According to their website:

“Within just a year, we have transacted over MYR200 million to 50+ countries, making us the fastest-growing, award-winning, regulator-approved, fully-digital, transactional FinTech company in Malaysia.”

XRP is in the red at the moment down 2.08% and is currently priced at $0.45 according to CoinMarketCap.What are your thoughts? Let us know what you think down below in the comments!

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Robert Johnson

Robert first came across Bitcoin in 2016 during a meetup in Belgium, and has been hooked ever since. With a background in Economics, you can find Robert frequently looking at the Twitter feed of the SEC for any regulatory updates relating to Bitcoin and Crypto in general.