- Flash FX will use Ripple technology for cross-border services.
- Ripple's XRP is growing strongly during the Asian hours.
A payment transfer platform in Australia, Flash FX, has entered into a partnership agreement with Ripple. The company will use Ripple's cross-border payment solutions to improve foreign exchange services in Australia
"We are thrilled to be part of the evolution in international payment processing – it is time for consumers and businesses to see a significant change in the way money is sent across borders. Alternative to Australians who want to send a faster and cheaper payment than what the banks currently provide, "said Nicolas Steiger, the CEO of FlashFX commenting on the news.
According to the press release, FlashFX shares Ripple's vision of the Internet of Value and strives to make cross-border payments as easy as sending a text message. The company is the first Australian company engaged in digital asset assets with the Australian Financial Services License [AFSL] issued by the Australian Securities and Investments Commission [ASIC].
According to Nicolas Steiger, the new partnership will allow users of Flash FX to join the financial evolution by sending and receiving money with Ripple's instant cross-border transfer services.
This is considered good news, which has helped push XRP out of reach. However, Ripple quite often introduces new partnership offers, but they are mostly related to technology, not to cryptocurrency itself.
The XRP / USD rose to $ 0.3900 before falling to $ 0.3814 at the time of writing. The currency gained about 3.5% on a daily basis and escaped to a narrow band of the last days. If the chasm is confirmed, the bullish momentum could increase traction during European hours and bring the coin to $ 0.4000.
XRP / USD, 1 hour chart
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