Both companies are sure that adding more technology options is even more critical to ensuring faster payments worldwide
Ripple and Cambridge Global Payments have partnered to optimize payment delivery using RippleNet.
During the pilot phase of the partnership, deposits to vendors who used Siam Commercial Bank saw a 99% reduction in time to payout with RippleNet compared with other providers.
Cambridge also reported experiencing a higher level of transparency and certainty throughout the payment process.
The company is exploring additional countries and currencies that can benefit from access to RippleNet, according to the report.
We’ve reported that Ripple’s University Blockchain Research Initiative (UBRI) continues to grow with ETH Zurich, University of Zurich, Ryerson University and Instituto Tecnológico Autónomo de México (ITAM) joining.