In a move that gave a boost to the cryptocurrency market, Flash FX, a payment transfer platform, announced the launch of its latest cross-border payment solution via XRP to improve the concept of foreign exchange in Australia.
Nicolas Steiger, Chief Executive Officer of FlashFX stated that:
"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 for Australians who want to send a faster and cheaper payment than the currently available banks. "
FlashFX has always worked with the mantra to make cross-border payments simple and effective, while sharing the Ripple vision of the Internet of Value. The company also said that the transmission of money and assets from one country to another should not be a tedious task, but rather one that should be as simple as sending a text message.
Partner Ripple is also Australia's first digital asset company to obtain the Australian financial services license [AFSL] provided by the Australian Securities and Investments Commission [ASIC]. XRP transactions have also proven to be successful after evaluations on the Bithomp platform and xrpscan.
The adoption by XRP by other platforms has caused a sensation in the cryptocurrency market with the recent news that Bitvolo Trustless Crypto Payment Gateway has added a plugin that allows writers to receive payments in cryptography. The plugin has the task of supporting XRP together with IOTA, Stellar [XLM] and Nano.
The push of Ripple and XRP to mainstream adoption has been supported by many supporters of cryptospatism, with the recent example of a famous Japanese legislator stating that cryptocurrencies would develop explosively in the future. He said:
"The latest technology related to cryptographic resources has come this far: if we are not involved in such advanced fields, Japan will be late … saying" Japan's technology is unbelievable "and Japan celebrating its settlements liquidity will be left in the world more and more … "
Subscribe to the AMBCrypto newsletter