Ripple Partners with Clear Junction for Instant GBP and EUR Payouts

• Ripple partners with Clear Junction to enhance cross-border payments in GBP and EUR for customers in the UK and EU.
• Clear Junction’s FCA authorization and ISO 27001 certification ensure secure and compliant payment solutions.

Ripple, a leader in enterprise blockchain and crypto solutions, has announced a strategic partnership with Clear Junction, the global frontrunner in cross-border payment solutions for regulated institutions.

Unlocking a new era of cross-border payments! 💼 #Ripple and Clear Junction’s strategic alliance promises instant GBP and EUR payouts for UK and EU customers. With Ripple’s enterprise-grade blockchain solutions and Clear Junction’s secure infrastructure, transactions are set to… pic.twitter.com/xQj2Avbr1I

— Collin Brown (@CollinBrownXRP) June 5, 2024

This collaboration aims to facilitate instant and secure GBP and EUR-denominated payout coverage for Ripple’s extensive customer base. Moreover, Ripple plans to introduce a variety of new currencies for its customers later this year. The following video vides into the details of the partnership.

Enhancing Cross-Border Payment Capabilities

Cassie Craddock, Managing Director, Europe at Ripple, expressed enthusiasm about the new partnership.

“Clear Junction is a great fit for Ripple,”

Craddock remarked.

“From the outset, they supported all our use cases, including providing GBP and EUR payout coverage for our clients sending payments into the UK and EU. Clear Junction already has robust relationships with several of our existing clients, and its management team brings years of expertise in cross-border payments and banking. We are excited to integrate Clear Junction into our network and view this as the beginning of a long-term relationship.”

Clear Junction’s status as an FCA-authorized e-money institution in the UK underpins its ability to provide secure and compliant payment solutions. The firm’s achievement of the ISO 27001 certification, the highest global data security standard, underscores its commitment to operational security and data protection.

Dima Kats, Founder and CEO of Clear Junction, highlighted the significance of this partnership.

“At Clear Junction, we strive to identify new commercial opportunities to enhance our offerings in both fiat and cryptocurrency domains,”

said Kats.

“Blockchain technology and cryptocurrencies are at the forefront of correspondent banking’s evolution, and we are thrilled to partner with Ripple to be part of this transformation. This collaboration exemplifies how two institutions can come together to enhance their respective services. We look forward to working closely with Ripple and exploring more avenues for growth in the future.”

Ripple Payments offers the enterprise-grade infrastructure businesses need to harness blockchain technology for faster, cheaper, and more efficient cross-border payments. Its solutions include a superior end-to-end customer experience, simplified network partnering, liquidity management, lines of credit, and advanced infrastructure for real-time payments.

Currently, Ripple serves hundreds of customers across over 55 countries on six continents, with payout capabilities in more than 80 markets, covering over 90% of the global FX market.

Established in 2016, Clear Junction provides quick and secure access to multi-currency payment accounts, e-money accounts, virtual IBANs, and treasury services for regulated financial institutions. Partnering with Clear Junction allows clients to reduce the time to market when establishing banking relationships, access new markets, and leverage innovative technologies and expertise.

The price of XRP continues to trend sideways, with a slight increase of +0.48% to $0.5276.

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