Thunes and Ripple Join Forces to Revolutionize Global Cross-Border Payments
In a landmark move towards enhancing international financial transactions, Thunes, recognized as the Intelligent Superhighway for money transfers, and Ripple, a leader in digital asset infrastructure, have announced the expansion of their global partnership. This collaboration builds on a successful alliance formed in 2020 and is set to drastically improve the cross-border payment experience for users worldwide.
As the demand for digital financial services rises, Thunes has incorporated blockchain technology and digital assets to optimize its Global Direct Network. Utilizing Thunes' proprietary network along with Ripple’s blockchain-based payment solutions, both companies aim to create more efficient and accessible cross-border payment options for financial institutions and businesses alike. By enabling Ripple’s corporate clients to effortlessly withdraw funds in additional currencies and regions, they enhance global payment capabilities.
Thunes ensures real-time reliable payments in local currencies through its Global Direct Network, playing a pivotal role in facilitating last-mile delivery in areas with limited banking infrastructure. This enhanced partnership is designed to broaden the reach and efficiency of their network, providing businesses and end-users with quick, secure, and accessible financial services. Furthermore, Thunes leverages Ripple Payments to streamline its SmartX Treasury System.
Ripple Payments is essential for fast, transparent, and reliable cross-border transactions. It also establishes entry and exit channels for banks, cryptocurrency firms, and fintech companies worldwide. Currently, the system boasts global coverage, spanning over 90 payment markets, which account for over 90% of daily foreign exchange market coverage, processing a staggering volume of over $70 billion.
Chloe Mayenobe, President and COO of Thunes, stated, "Both traditional financial sector individuals and those in the digital asset ecosystem connect with Thunes. Our unique position allows us to bridge these two worlds and spearhead the future of digital assets, evident in our partnership with Ripple. By supporting real-time settlement and deep local integrations, we enable digital asset businesses to provide seamless, compliant, and scalable cross-border payments."
Fiona Murray, Managing Director for Ripple in the Asia-Pacific region, expressed her enthusiasm, saying, "We are committed to transforming the future of global payments through blockchain technology. Our alliance with Thunes propels our shared mission to enhance efficiency, speed, and security in global payments. By pairing Thunes' extensive and trusted Global Direct Network with Ripple's digital asset infrastructure, we are improving the speed, accessibility, and regulatory compliance of payments across regions. This partnership not only facilitates seamless and cost-effective transactions but also addresses the burgeoning global demand for innovative financial solutions powered by blockchain."
About Thunes
Thunes is recognized as the Intelligent Superhighway for moving money globally. Its patented Global Direct Network allows members to execute real-time payments across more than 130 countries and in over 80 currencies. Thunes’ network connects directly to over 7 billion mobile wallets and bank accounts globally, alongside 15 billion cards, using more than 320 different payment methods, including GCash, M-Pesa, and WeChat Pay. The Global Direct Network is characterized by its extensive reach, internal SmartX Treasury System, and Fortress Compliance Platform, ensuring that network members receive unparalleled speed, control, visibility, protection, and cost efficiency when performing real-time global payments. Key members of the Thunes Global Direct Network include major players in the gig economy and large-scale platforms like Uber, Grab, and WeChat. Based in Singapore, Thunes maintains offices in 14 locations, including major cities like San Francisco, London, and Johannesburg. For more details, visit Thunes Website.
About Ripple
Ripple stands as a leading provider of digital asset infrastructure tailored for financial institutions. It offers modern solutions that enhance efficiency, reduce friction, and foster innovation in global finance. Ripple's offerings leverage the XRP Ledger and its native token, XRP, specifically designed for fast, economical, and scalable transactions across various use cases in both developer and financial sectors. With a proven track record of collaboration with regulators and policymakers, Ripple's payment, custody, and stablecoin solutions lead the charge in the digital asset economy, building trust and credibility in enterprise blockchain. Together with clients, partners, and the developer community, Ripple is transforming the way the world tokenizes, stores, exchanges, and transfers value.
As the demand for digital financial services rises, Thunes has incorporated blockchain technology and digital assets to optimize its Global Direct Network. Utilizing Thunes' proprietary network along with Ripple’s blockchain-based payment solutions, both companies aim to create more efficient and accessible cross-border payment options for financial institutions and businesses alike. By enabling Ripple’s corporate clients to effortlessly withdraw funds in additional currencies and regions, they enhance global payment capabilities.
Thunes ensures real-time reliable payments in local currencies through its Global Direct Network, playing a pivotal role in facilitating last-mile delivery in areas with limited banking infrastructure. This enhanced partnership is designed to broaden the reach and efficiency of their network, providing businesses and end-users with quick, secure, and accessible financial services. Furthermore, Thunes leverages Ripple Payments to streamline its SmartX Treasury System.
Ripple Payments is essential for fast, transparent, and reliable cross-border transactions. It also establishes entry and exit channels for banks, cryptocurrency firms, and fintech companies worldwide. Currently, the system boasts global coverage, spanning over 90 payment markets, which account for over 90% of daily foreign exchange market coverage, processing a staggering volume of over $70 billion.
Chloe Mayenobe, President and COO of Thunes, stated, "Both traditional financial sector individuals and those in the digital asset ecosystem connect with Thunes. Our unique position allows us to bridge these two worlds and spearhead the future of digital assets, evident in our partnership with Ripple. By supporting real-time settlement and deep local integrations, we enable digital asset businesses to provide seamless, compliant, and scalable cross-border payments."
Fiona Murray, Managing Director for Ripple in the Asia-Pacific region, expressed her enthusiasm, saying, "We are committed to transforming the future of global payments through blockchain technology. Our alliance with Thunes propels our shared mission to enhance efficiency, speed, and security in global payments. By pairing Thunes' extensive and trusted Global Direct Network with Ripple's digital asset infrastructure, we are improving the speed, accessibility, and regulatory compliance of payments across regions. This partnership not only facilitates seamless and cost-effective transactions but also addresses the burgeoning global demand for innovative financial solutions powered by blockchain."
About Thunes
Thunes is recognized as the Intelligent Superhighway for moving money globally. Its patented Global Direct Network allows members to execute real-time payments across more than 130 countries and in over 80 currencies. Thunes’ network connects directly to over 7 billion mobile wallets and bank accounts globally, alongside 15 billion cards, using more than 320 different payment methods, including GCash, M-Pesa, and WeChat Pay. The Global Direct Network is characterized by its extensive reach, internal SmartX Treasury System, and Fortress Compliance Platform, ensuring that network members receive unparalleled speed, control, visibility, protection, and cost efficiency when performing real-time global payments. Key members of the Thunes Global Direct Network include major players in the gig economy and large-scale platforms like Uber, Grab, and WeChat. Based in Singapore, Thunes maintains offices in 14 locations, including major cities like San Francisco, London, and Johannesburg. For more details, visit Thunes Website.
About Ripple
Ripple stands as a leading provider of digital asset infrastructure tailored for financial institutions. It offers modern solutions that enhance efficiency, reduce friction, and foster innovation in global finance. Ripple's offerings leverage the XRP Ledger and its native token, XRP, specifically designed for fast, economical, and scalable transactions across various use cases in both developer and financial sectors. With a proven track record of collaboration with regulators and policymakers, Ripple's payment, custody, and stablecoin solutions lead the charge in the digital asset economy, building trust and credibility in enterprise blockchain. Together with clients, partners, and the developer community, Ripple is transforming the way the world tokenizes, stores, exchanges, and transfers value.
Topics Financial Services & Investing）
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