When it comes to partnerships, few coins rival Ripple. Recently, Ripple announced five new partnerships they will be forming in Europe and Asia. This includes FairFX (UK), RationalFX (UK), Exchange4Free (UK), MoneyMatch (Malaysia), and UniPAY (Georgia). Following a few days of testing, assuming everything works well, it will be fully implemented.
Chief Commercial Officer at FairFX James Hickman said it will “enable us to deliver on our commitment to give customers the most transparent, efficient and truly global money transfer experience possible using RippleNet.” Indeed, adopting Ripple should simultaneously improve transaction speed while reducing costs.
According to Senior Vice President Asheesh Birla, “By tapping our global network with xVia, our customers now access new markets quicker and cost efficiently. All of these customers run into the same problem: building bespoke connections to banks and networks all over the world. It’s expensive and time consuming. xVia enables them to grow their overall market share by reaching new customers in new markets, easier than ever before." Now before you expect a huge spike in Ripple value, remember that it has endless other partnerships and these haven't always affected the price. Still, the more any cryptocurrency is adopted, the better it is for the reputation of the crypto world.