TransferGo presents TransferGo Now which uses Ripple Solutions to transfer funds from Europe to India


On September 5, 2018, TransferGo, headquartered in the UK, announced official support from Ripple saying that in the future they will support "blockchain powered" transfer solutions that will allow the immediate and almost immediate movement of funds from the Europe to India. Although the settlement is not instantaneous as Ripple often markets its products, the settlement should be completed in up to 30 minutes.

Ripple is revolutionary

Describing Ripple as a "revolutionary blockchain technology" Daumantas Dvilinskas, the founder of TransferGo confirmed that the company has established a communication "in real time" with its banking partners in India and now the Indians of the Diaspora can send funds in real time to their friends and relatives or even while making international payments using their TransferGo Now service. Speaking with Finextra, from which they announced, Daumantas said:

"We are delighted to be one of the first companies on the market to offer our customers real-time cash transfers using Ripple's revolutionary blockchain technology, we are able to establish real-time communications between us and our banking partners in India, allowing TransferGo customers to send money to family and friends or make international payments immediately. "

Birla and Ripple India Plans [19659003] Probably, India is one of the biggest users of Ripple solutions including XRP and this despite the decision by the government and the RBI to deliberately stifle growth. Recently, Ripple's senior vice president of product, Asheesh Birla, said their goal was to get on board three of the major banks operating in the world's third largest economy. In this way, they would have effectively captured 80% of the Indian market share and this would have further strengthened their general ambition to replace SWIFT as a transfer solution for bankers. As he spoke to the Scaling and Digital Disruption panel he said:

"We looked at India soon, and we watched two billion people – a huge market, and we decided, how do you get two billion people on Ripple? all Indians, or two billion, but give away? "

TransferGo Free Complements TransferGo Now

It could be because of what TransferGo is looking forward and next to TransferGo Now, they offer a different service , TransferGo Free. Unlike Go, Free will not charge fees, but will apply the average market rate with transfer of funds between Europe and India settled within three days.

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