![]() Most recently Ripple has targeted funding startups that will help to generate demand for XRP through applications. In early January Ripple passed the milestone of 200 customers. Time is a vital currency for our customers and partners, so we always keep it at the center of our innovation efforts.” “Ria’s integration with Ripple serves to build rails for an innovative payment infrastructure that seeks to provide easier access to potential partners, while delivering faster and cleaner payments to its users. “At Ria we have developed the second largest Money Transfer network in the world along with a best-in-class compliance program all connected by our proprietary technology,” said Juan Bianchi, CEO of Euronet’s Money Transfer Segment. Whereas xRapid users additionally use the XRP cryptocurrency to transfer money, sidestepping the conventional correspondent banking network.įrom the announcement, it appears that Ria does not initially plan to use XRP as the benefits were described as “end-to-end tracking, better visibility into fees, estimated delivery time and status” which are typical benefits of purely using the messaging protocol. xCurrent is the payment messaging protocol to which Ria has signed up. In the past Ripple separated users of its xRapid and xCurrent solutions. It has a market capitalisation of $7.7 billion. Ria is one of the big four remittance companies. 2 3 4 Ria initiates transfers through a network of agents and company-owned stores located throughout North America, South America, Europe, Asia-Pacific, Africa, and online. Ria transfers $40 billion of money per year.Įuronet claims to be one of the largest global money transfer companies, the world’s large payment network for pre-paid mobile topup and one of the largest indepenent ATM networks in Europe. Ria Money Transfer is a subsidiary of Euronet Worldwide, Inc., which specializes in money remittances. The Bank may require additional documents, clarifications, materials to find out the purpose and actual beneficiaries of the transaction by the procedure, specified by the RA Law “On Combatting Money Laundering and Terrorism Financing”, and may suspend operations or refuse to perform them, if in the opinion of the Bank, sufficient evidence, supporting the transactions are not presented.Īccording to Ria Money Transfer system rules, if the same person receives or sends more than 4,000 USD within 30 calendar days, the system may require a proof of source of money, as well as additional documents.Ripple has announced the addition of Ria Money Transfer a subsidiary of Euronet Worldwide to its RippleNet blockchain payments network. The Bank is obliged to provide a document confirming the execution of each transfer, indicating the amount, currency, amount of commission paid and other details.
0 Comments
Leave a Reply. |