Blockchain and crypto giant Ripple has joined forces with British firm Modulr to enable “seamless” payments into the UK and Europe from the rest of the world.
Modulr has built a Payments-as-a-Service platform across European and the UK pay lines – with access to the likes of Faster Payments, Bacs Chaps, Swift, and Seventh.
The new partnership means that companies using Ripple Net for Ripple Net real-time payment will have another legacy banking payment system in the UK and Europe.
Companies have signed Trust Payments as the first customer to bid, which they say will make cross-border payments faster, more reliable, and more expensive.
Send Young, MD, Ripple Net, Europe, states: “Together we look forward to providing fast, easily transferable payment information to Ripple Net customers in the UK and Europe.”
Myles Stephenson, CEO of Modulr, adds: “We are pleased to partner with Ripple – we share one important goal that will make it easier to ship and control the flow of global trade and eliminate the hidden inefficiencies that plague the world today.”