Ripple Partners with Clear Junction for Cross-Border Payment

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As a seasoned crypto investor with a keen interest in the latest developments within the blockchain industry, I am thrilled to hear about Ripple’s new partnership with Clear Junction. This collaboration is a significant step forward for Ripple and its clients, allowing for faster, more secure cross-border transactions in GBP and EUR – currencies that are essential in today’s global economy.

As a researcher studying the latest developments in the blockchain and crypto industry, I’m excited to share that Ripple, a pioneering enterprise blockchain and cryptosolutions provider, has recently formed a partnership with Clear Junction, a renowned global cross-border payments solutions company catering to regulated institutions. This collaboration will enable Ripple payments to be secured in currencies such as GBP and EUR, with plans to expand the list to include additional currencies later in the year.

As an analyst, I’m excited to share that Ripple is teaming up with ClearJunction to boost our capabilities in handling GBP and EUR payouts for our valued customers. This collaboration fortifies our cross-border payment solutions, enabling swifter, more secure transactions within the UK and EU regions. For additional information on this partnership, please check out the provided link.

— Ripple (@Ripple) June 5, 2024

Cassie Craddock, Europe‘s Managing Director at Ripple, showed her excitement about the collaboration. She stated, “Clear Junction aligns perfectly with Ripple.” From the outset, it has effectively catered to all our requirements, specifically offering payout coverage in GBP and EUR for our clients transferring funds into the UK and European Union.

Clear Junction, as an FCA-authorized e-money institution in the UK, ensures that partners’ funds are safely managed and shielded by applicable payment industry and data security regulations. The company has recently obtained ISO 27001 certification, which is globally renowned for robust business information security practices.

As the founder and CEO of Clear Junction, I am thrilled about our new partnership and believe that blockchain technology and digital currencies will play a pivotal role in shaping the future of correspondent banking.

Ripple currently boasts over 200 clients in approximately 55 countries spanning across six continents, enabling payouts in over 80 markets covering around 90% of the global foreign exchange market. The company’s latest advertisement showcases the use of $XRP for cross-border transactions, forecasting that this sector will grow to encompass an astonishing $300 trillion in payments by the year 2030.

Ripple Labs Partners with Evmos for XRP-Ledger EVM Sidechain

As a crypto investor, I’ve recently learned that Ripple Labs has joined forces with Evmos to establish an XRP-ledger sidechain based on Ethereum Virtual Machine (EVM) technology. This innovative sidechain is constructed using evmOS, a versatile and adaptable tech stack designed by Evmos, focusing primarily on native Web3 enterprise applications and ensuring their compatibility with the Ethereum Virtual Machine.

Through our partnership with Evmos and Peersyst, a leading cryptocurrency software company, the XRPL will gain entry to over 90 connected chains via the flexible and cross-chain capabilities of the Evmos platform.

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2024-06-06 02:47