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TransferGo Says ‘We see Ripple as a strategic partner moving forward’

February 12, 2019

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The UK based TransferGo shared their experience of using Ripple for their cross-border payment service. By employing Ripple’s underlying technology, the firm is quite impressive with the way Ripple helps them move forward.

According to the latest tweet shared by Ripple official, the head of the operation from TransferGo notes that ‘Ripple is a strategic partner moving forward’. It states that;

“Our vision is to become a global real-time payments company… players who are not thinking about this will get left behind. That’s why we see Ripple as a strategic partner moving forward.” – @TransferGo Head of Operations, @TomasSnitka pic.twitter.com/9BsW8vc3fW

— Ripple (@Ripple) February 6, 2019

For many companies globally, Ripple is at their center because the firms related to payment industry is more likely to explore Ripple’s underlying technology. As such, TransferGo announced its partnership with Ripple during September 2018. In contrast to Swift, the firm is employing Ripple’s product and has already debuted a remittance corridor to India to experience real-time transactions. However, at the time of partnership announcement, Daumantas Dvilinskas, founder and CEO of TransferGo, said that;

“By using Ripple’s revolutionary blockchain technology, we’re able to establish real-time communication between us and our banking partners in India, allowing TransferGo customers to send money to family and friends or make international payments immediately.”

Besides TransferGo, other partnered firms of Ripple is quite satisfied with the result of blockchain –oriented cross-border remittance solutions. Consequently, MercuryFX’s CEO Alastair Constance proudly called xRapid as the future. He says that;

“Ripple provides the opportunity for us to say we have opened up this market and we can come here and trade freely at the optimized speeds and costs.”