Ripple & Thunes Partner, Expand Cross-Border Payments Network

Ripple and Thunes Partner to Bring Blockchain Rails for the Global Remittance Market

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Ripple and the global payments firm Thunes have expanded their partnership to improve cross-border payments.
  • Ripple and Thunes have expanded their partnership to integrate Ripple Payments into Thunes’s global network
  • The collaboration aims to solve the high fees and long settlement times of traditional cross-border payments
  • The move is a major step for financial inclusion, especially in underserved markets with limited banking

Ripple and Thunes are expanding their partnership in a major move to reshape global cross-border payments. The collaboration, which builds on a relationship started in 2020, will integrate Ripple’s blockchain-powered payment solutions with Thunes’s massive global network, signaling a growing demand for faster and more reliable financial services.

How Will the Expanded Partnership Work?

According to the press release, the partnership is designed to combine Thunes’s extensive network with Ripple’s blockchain infrastructure to improve the efficiency of global money transfers.

What is Thunes’s “Smart Superhighway”?

Thunes operates what it calls a “Smart Superhighway” for international money transfers, connecting financial institutions, fintechs, and businesses. By integrating Ripple Payments into its Direct Global Network, Thunes gains additional tools to improve real-time payout capabilities in local currencies. 

This approach is particularly significant in markets where traditional banking access remains limited. Consequently, businesses and consumers will see improved access to fast and affordable payment options, regardless of geography.

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What does this mean for Ripple’s enterprise clients?

The integration allows Ripple’s enterprise clients to withdraw funds in more currencies and markets, significantly broadening their global footprint and payment options.

Move to Meet the Rising Demand for Digital Finance

This collaboration directly addresses the major pain points of the traditional financial system.

How does Ripple solve problems with traditional banking?

Traditional cross-border payments often involve high fees, long settlement times, and a lack of transparency. By leveraging Ripple’s blockchain solutions, Thunes can offer its clients greater clarity and much faster settlements. 

Does the new partnership improve financial inclusion?

The partnership aims to fill a critical gap in underserved markets. By offering secure and transparent alternatives that bypass traditional banking barriers, the collaboration helps build financial inclusion for millions of people who still rely on outdated remittance channels.

Related: ‘We’re Nearly Production Ready,’ Ripple CTO as XRP Breaks Key Support

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.


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