RippleNet exceeds 200 customers with 13 financial institutions that have recently joined

Thirteen new financial institutions are joining the RippleNet network, making it have more than 200 customers to date.

Ripple has just announced 13 new customers signing up for their RippleNet payment network, including Euro Exim Bank, SendFriend, JNFX, FTCS, Ahli Bank of Kuwait, Transpaygo, BFC Bahrain, ConnectPay, GMT, WorldCom Finance, Olympia Trust Company, Pontual / USEND and Performance.

With new additions, the company confirms that it has more than 200 customers worldwide on their network, which is double compared to last year's number, as reported by Token Talk.

The managing director, Brad Garlinghouse said that at least 2 new customers sign up to RippleNet every week, while they also see a 350% increase in live payments by last year.

Citing his statement, "In 2018, almost 100 financial institutions joined RippleNet and now we are signing two, sometimes three new customers a week, and we have also seen a 350% increase in customers who send payments last year. live and we are starting to see more customers turning the tide and leveraging XRP for on-demand liquidity. "

He added, "At the end of the day, our goal is to make sure that our customers can offer excellent and efficient cross-border payment experiences for their customers wherever they are in the world."

Ripple has been compared to the longtime player in the payment system around the world, SWIFT for quite some time, and the CEO even claimed that his technology would overturn SWIFT as the main transfer method of cross-border money.

He, however, also said that Ripple is open to any partnership with SWIFT, which he believes is beneficial to both, as well as to the global banking system.

Responding to the whole "confrontation and competition" topic between the two, the date for an official debate was set from 13 to 14 February in Rust, Germany, with the head of the banking sector of both companies as representatives.

How will the debate be presented? Stay with Chepicap to find out.

Read more:

Brad Garlinghouse: Ripple is "detecting Swift"; The institutional interest in XRP is "on the rise"

Ripple vs SWIFT: international payment giants to discuss questions

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