- NIUM has recently been in the news this week after it announced a partnership with Geoswift, a payment technology firm.
- According to the official press release, this new collaboration would connect China to the rest of the world.
The fintech platform NIUM, has recently been in the news this week after it announced a partnership with Geoswift, a payment technology firm. According to the official press release, this new collaboration between the two companies would connect China to the rest of the world meaning that it could potentially enable customers of the project to leverage RippleNet in order to remit money into China.
NIUM is a member of RippleNet with the press release stating that consumers and companies are going to be able to conduct fund transfers swiftly through the San Francisco-based company ripple and their partner InstaRem. The CEO and founder of Geoswift, Raymond Qu said the following:
“The partnership with NIUM is a natural extension of our strategy to become one of the leading providers of instant P2P payments solution. In order to fulfill the ever-growing business and customer demands for instant money movement into China, we will continue to offer our clients fast, safe and more convenient payment options with their business partners, friends and family.”
The San Francisco based company, ripple has seen an increase in activity across its various corridors. For its Australian corridor, it has been gaining some significant attention as the liquidity index for the bitcoin markets XRP/AUD jumped past 14.3 million.
For NIUM, it is the first company in the region to offer cuddles from North and South America to several destinations in Southeast Asia.