Thunes and Ripple Forge Enhanced Partnership for Global Payments Innovation
In a significant move set to redefine the landscape of global finance, Thunes and Ripple have announced an expanded partnership aimed at revolutionizing cross-border payments. Originating from their collaboration that began in 2020, this new phase seeks to enhance the customer experience related to payouts, optimally streamline money movements worldwide, and enlarge the payout reach in critical markets.
As the demand for digital financial solutions rises, Thunes is integrating cutting-edge blockchain and digital asset technologies into its Direct Global Network. By combining Thunes's extensive network with Ripple's innovative blockchain solutions, the partnership is poised to propel more efficient and accessible international payments for financial institutions and businesses alike. One of the standout benefits of this collaboration is Ripple's enterprise clients, who will now be able to withdraw funds in an expanded array of currencies and geographic locations, significantly bolstering their international payment capabilities.
Thunes plays a crucial role by ensuring reliable real-time payouts in local currencies via its Direct Global Network, especially in regions where banking structures are scarce. Furthermore, this partnership will amplify the effectiveness and coverage of Thunes's network, providing businesses and consumers with prompt, safe, and readily available financial services. Notably, Thunes is leveraging Ripple Payments to enhance its SmartX Treasury System, which will further refine its operational capabilities.
Ripple Payments stands out in the industry for facilitating quick, transparent, and reliable payments across borders while also offering crucial on/off ramps for banks, crypto enterprises, and fintech companies globally. With an existing near-global reach covering over 90 payout markets, representing a staggering 90% of the daily foreign exchange market, Ripple has processed transactions exceeding $70 billion in volume.
Chloe Mayenobe, President and COO at Thunes, remarked on the partnership's potential to unite traditional finance and the digital assets ecosystem, emphasizing that they are positioned to pave the way towards the future of digital assets. She expressed confidence that their collaboration with Ripple would enable real-time settlement and deep local integrations, allowing digital asset firms to deliver seamless, compliant, and widespread cross-border payment solutions efficiently.
Fiona Murray, Managing Director for Asia Pacific at Ripple, echoed similar sentiments regarding the partnership's alignment with the vision to reshape the future of global payments leveraging blockchain. She stated that combining Thunes' reputable Direct Global Network with Ripple's digital asset infrastructure will significantly enhance payment speed, accessibility, and compliance across varying regions. The collaboration not only promises to make transactions more seamless and less costly but also addresses the growing global appetite for innovative, blockchain-enabled financial solutions.
Thunes positions itself as the Smart Superhighway for international money transfers. Its proprietary Direct Global Network allows operations in real-time across over 130 countries and utilizing more than 80 currencies. Thunes connects directly to more than 7 billion mobile wallets and bank accounts globally. Notably, its services engage with over 320 distinct payment methods, including popular platforms like GCash, M-Pesa, and AliPay. This solid network architecture allows Thunes members—including leading names like Uber and Deliveroo—to benefit from rapid, secure transactions globally, positioning the firm as a leader in the cross-border payments sector.
Ripple stands at the forefront as a provider of digital asset infrastructure specifically designed for financial institutions. Its primary goal is to deliver compliant, reliable software that revolutionizes efficiencies, diminishes friction, and fosters innovation within global finance. Utilizing the XRP Ledger and its native digital asset, XRP, Ripple emphasizes rapid and cost-effective transaction capabilities tailored for diverse user needs. Ripple's ongoing commitment includes collaborating with regulators and policymakers to promote a credible and trustworthy framework for enterprises looking to integrate blockchain technology into their operations effectively.
The partnership between Thunes and Ripple not only reflects a significant stride forward in facilitating global payments but also underlines a shared commitment to advancing the financial ecosystem through innovative technological solutions. As the demand for enhanced digital financial services accelerates, this alliance demonstrates a well-timed response to meet the evolving needs of institutions and users around the globe.
As the demand for digital financial solutions rises, Thunes is integrating cutting-edge blockchain and digital asset technologies into its Direct Global Network. By combining Thunes's extensive network with Ripple's innovative blockchain solutions, the partnership is poised to propel more efficient and accessible international payments for financial institutions and businesses alike. One of the standout benefits of this collaboration is Ripple's enterprise clients, who will now be able to withdraw funds in an expanded array of currencies and geographic locations, significantly bolstering their international payment capabilities.
Thunes plays a crucial role by ensuring reliable real-time payouts in local currencies via its Direct Global Network, especially in regions where banking structures are scarce. Furthermore, this partnership will amplify the effectiveness and coverage of Thunes's network, providing businesses and consumers with prompt, safe, and readily available financial services. Notably, Thunes is leveraging Ripple Payments to enhance its SmartX Treasury System, which will further refine its operational capabilities.
Ripple Payments stands out in the industry for facilitating quick, transparent, and reliable payments across borders while also offering crucial on/off ramps for banks, crypto enterprises, and fintech companies globally. With an existing near-global reach covering over 90 payout markets, representing a staggering 90% of the daily foreign exchange market, Ripple has processed transactions exceeding $70 billion in volume.
Chloe Mayenobe, President and COO at Thunes, remarked on the partnership's potential to unite traditional finance and the digital assets ecosystem, emphasizing that they are positioned to pave the way towards the future of digital assets. She expressed confidence that their collaboration with Ripple would enable real-time settlement and deep local integrations, allowing digital asset firms to deliver seamless, compliant, and widespread cross-border payment solutions efficiently.
Fiona Murray, Managing Director for Asia Pacific at Ripple, echoed similar sentiments regarding the partnership's alignment with the vision to reshape the future of global payments leveraging blockchain. She stated that combining Thunes' reputable Direct Global Network with Ripple's digital asset infrastructure will significantly enhance payment speed, accessibility, and compliance across varying regions. The collaboration not only promises to make transactions more seamless and less costly but also addresses the growing global appetite for innovative, blockchain-enabled financial solutions.
About Thunes
Thunes positions itself as the Smart Superhighway for international money transfers. Its proprietary Direct Global Network allows operations in real-time across over 130 countries and utilizing more than 80 currencies. Thunes connects directly to more than 7 billion mobile wallets and bank accounts globally. Notably, its services engage with over 320 distinct payment methods, including popular platforms like GCash, M-Pesa, and AliPay. This solid network architecture allows Thunes members—including leading names like Uber and Deliveroo—to benefit from rapid, secure transactions globally, positioning the firm as a leader in the cross-border payments sector.
About Ripple
Ripple stands at the forefront as a provider of digital asset infrastructure specifically designed for financial institutions. Its primary goal is to deliver compliant, reliable software that revolutionizes efficiencies, diminishes friction, and fosters innovation within global finance. Utilizing the XRP Ledger and its native digital asset, XRP, Ripple emphasizes rapid and cost-effective transaction capabilities tailored for diverse user needs. Ripple's ongoing commitment includes collaborating with regulators and policymakers to promote a credible and trustworthy framework for enterprises looking to integrate blockchain technology into their operations effectively.
The partnership between Thunes and Ripple not only reflects a significant stride forward in facilitating global payments but also underlines a shared commitment to advancing the financial ecosystem through innovative technological solutions. As the demand for enhanced digital financial services accelerates, this alliance demonstrates a well-timed response to meet the evolving needs of institutions and users around the globe.
Topics Financial Services & Investing）
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