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Ripple Adds Yet More Firms to its Payments Network


Ripple continues to add more and more firms to its ever-expanding network. The latest to join are InstaReM (Singapore) and BeeTech (Brazil). The two firms have partnered to open a new payments corridor that will join Brazil and South East Asia using Ripple’s instant payment services.

The CEO of InstaReM, Prajit Nanu, said:

The connectivity that Ripple’s innovative blockchain network provides will allow us to offer our customers – including corporates and small businesses – quick, hassle-free payments into BeeTech’s markets.

Meanwhile, Flavio Pavani, CEO of BeeTech had this to say:

This partnership is fantastic news for our business customers, who will benefit from Ripple-powered payments into InstaReM’s Southeast Asian markets and beyond. This partnership on RippleNet provides our customers [with] a one-stop shop experience, including the ability to send payments and access new suppliers across more than 60 markets through xVia – a simple API connection.

This latest addition comes in the same month as Currencies Direct (UK), Kuwait Finance House (Kuwait) and Coinone (South Korea) all signing up to Ripple products. This partnership between BeeTech and InstaReM though, is the first of its kind between non-bank RippleNet members in South East Asia and South America.