Ripple has joined forces with Clear Junction to revolutionize cross-border payments in GBP and EUR for customers in the UK and EU. With Clear Junction’s FCA authorization and ISO 27001 certification ensuring secure and compliant payment solutions, this strategic partnership promises instant payouts in GBP and EUR for UK and EU customers.
The collaboration between Ripple, a leader in enterprise blockchain and crypto solutions, and Clear Junction, the global frontrunner in cross-border payment solutions for regulated institutions, aims to provide instant and secure GBP and EUR-denominated payout coverage for Ripple’s extensive customer base. Additionally, Ripple plans to introduce new currencies for its customers in the near future.
Cassie Craddock, Managing Director, Europe at Ripple, expressed excitement about the partnership, stating that Clear Junction is an ideal fit for Ripple due to its support for all use cases and robust relationships with existing clients. Clear Junction’s FCA authorization and ISO 27001 certification highlight its commitment to operational security and data protection, making it a trusted partner for Ripple.
Dima Kats, Founder and CEO of Clear Junction, emphasized the significance of the partnership, highlighting the importance of blockchain technology and cryptocurrencies in the evolution of correspondent banking. This collaboration between Ripple and Clear Junction showcases how two institutions can enhance their services through mutual cooperation.
Ripple Payments offers enterprise-grade infrastructure for faster, cheaper, and more efficient cross-border payments, with solutions including an exceptional end-to-end customer experience, simplified network partnering, liquidity management, lines of credit, and advanced infrastructure for real-time payments. Serving hundreds of customers across over 55 countries on six continents, Ripple’s payout capabilities span 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 enables clients to expedite the process of establishing banking relationships, access new markets, and leverage innovative technologies and expertise.
As the price of XRP continues to trend sideways with a slight increase of +0.48% to $0.5276, the strategic alliance between Ripple and Clear Junction sets the stage for a new era of cross-border payments, promising seamless and efficient transactions for customers in the UK and EU.