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While the world is still trying to recover from the recent market downturn, Ripple has kept his head low and is doing what is best to increase adoption and the addition of partners. While Ripple has already added to someone the main financial institution of its network, it continues to add more and more partners from the new territories. The recent name of this list is GMT, Israel's largest financial services company with 250 branches.
Ripple strengthen support point in West Asia, collaborating with GMT
Since the beginning, Ripple has been clear with his vision to collaborate with the best financial institutions and strengthen its network. And the company has succeeded in strategically making that region by region. While Ripple had some good partners in the Middle East, the next major destination seemed to always be Western Asia and Ripple reached the deal with gold.
GMT is Israel's largest and largest financial services company and has an extended reach of 250 branches across the country. It specializes in local and international repatriation services, medical insurance for tourists and foreign workers, foreign exchange, prepaid card and other financial services for foreign and Israeli workers. The company was founded in 2001 and ranked among the first high-tech companies in the financial sector that perfected international money transfer services.
According to the official announcement of GMT, the decision came after "a long and precise process" by Ripple. While Ripple has added a prominent partner, for GMT this collaboration is of prime importance, as it would help GMT to design a global financial system structure with sophisticated values and technology. The system is simple, economical and transparent.
The post stated the following
"GMT is joining companies like MoneyGram, AmericanExpress, CIBC, Earthport, AKBANK and many others, which are already authorized to use the Ripple platform"
With GMT under its belt Ripple now has more than 150 partners from various regions of the world who are still hoping to add more to its ecosystem in the near future. These partnerships are the reason why Ripple-XRP was able to overthrow Ethereum to become the number one altcoin. Even when the markets are collapsing, Ripple, on the ground, has not touched and is creating fundamentally strong partnerships. The "BUIDL" attitude of Ripple will soon reflect on prices and there is the possibility that we can see the two-digit XRP ahead of schedule.
Do you think we would see XRP prices in Double-Digit before? Let us know your opinions on the same
Summary
Item name
Ripple adds to its network the largest Israeli financial services company GMT
Description
While the world is still trying to recover from the recent market downturn, Ripple has kept his head low and is doing what is best to increase adoption and the addition of partners. While Ripple has already added to someone the main financial institution of its network, it continues to add more and more partners from the new territories. The recent name of this list is GMT, Israel's largest financial services company with 250 branches.
Author
Nilesh Maurya
Publisher name
Coingape
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The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication has no responsibility for personal financial loss.
