Ripple has joined forces with Clear Junction to improve cross-border payments in GBP and EUR for customers in the UK and EU. Clear Junction’s FCA authorization and ISO 27001 certification guarantee secure and compliant payment solutions.
A pioneer in enterprise blockchain and crypto solutions, Ripple has announced a strategic partnership with Clear Junction, a leading global provider of cross-border payment solutions for regulated institutions.
The collaboration between #Ripple and Clear Junction aims to revolutionize cross-border payments by offering instant GBP and EUR payouts for customers in the UK and EU. Leveraging Ripple’s cutting-edge blockchain solutions and Clear Junction’s secure infrastructure, transactions are poised to reach new levels of efficiency.
This partnership is geared towards providing instantaneous and secure GBP and EUR-denominated payout coverage for Ripple’s extensive customer base. Additionally, Ripple is planning to introduce a range of new currencies for its customers later this year. For further insights into this partnership, watch the video below.
Cassie Craddock, Managing Director, Europe at Ripple, expressed excitement about the partnership with Clear Junction. “Clear Junction is a perfect match for Ripple,” Craddock stated. “They have supported all our use cases from the beginning, including offering GBP and EUR payout coverage for our clients making payments into the UK and EU. Clear Junction already has strong relationships with many of our existing clients, and its management team brings a wealth of experience in cross-border payments and banking. We are thrilled to integrate Clear Junction into our network and see this as the start of a long-term partnership.”
Clear Junction’s status as an FCA-authorized e-money institution in the UK underscores its ability to deliver secure and compliant payment solutions. The firm’s attainment of the ISO 27001 certification, the highest global data security standard, further emphasizes its dedication to operational security and data protection.
Dima Kats, Founder and CEO of Clear Junction, emphasized the importance of the partnership. “At Clear Junction, we are constantly seeking new commercial opportunities to enhance our offerings in both fiat and cryptocurrency spheres,” said Kats. “Blockchain technology and cryptocurrencies are at the forefront of correspondent banking’s evolution, and we are excited to collaborate with Ripple to be a part of this transformation. This partnership showcases how two institutions can come together to enhance their services. We are looking forward to working closely with Ripple and exploring more growth opportunities in the future.”
Ripple Payments provides businesses with the infrastructure needed to leverage blockchain technology for faster, more cost-effective cross-border payments. Their solutions include a seamless end-to-end customer experience, simplified network partnerships, liquidity management, lines of credit, and advanced infrastructure for real-time payments.
Currently, Ripple serves hundreds of customers in over 55 countries on six continents, with payout capabilities in more than 80 markets, covering over 90% of the global FX market. Clear Junction, established in 2016, offers 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 accelerate time-to-market when establishing banking relationships, access new markets, and leverage innovative technologies and expertise.
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