Ripple expands its list of partners with five more not many other blockchain companies can boast new partners on a weekly basis ripple is one that can and love it or hate it the San francisco-based Global Payments provider has added to that list of over a hundred and five more this week that list of over a hundred with five more this week oh I was about to say it 105 more this week holy smokes guys in addition to banks in Brazilian India Singaporean and Kent Canadian money transfer service providers have also joined ranks with ripple according to reports Brazilian bank a towel Unni Banco and remittance provider VTech have joined a ripple net in order to facilitate faster and cheaper global fund transfers Indian Bank heed us in is also on board alongside Canadian company zip remit who are all seeking to benefit from blockchain base financial transactions and a fraction of the cost that's kind of a point of ripple isn't it emerging markets such as Brazil India and China are home to 85 percent of the global population with almost 90% of people under 30 residing within those markets there are huge draws for companies such as ripple looking to expand a product adoption Forex current end of ripple net financial transfer platforms and networks over 60 billion was transferred into both India and China in 2017 and Brazil saw 600 million arrive from the US head of business development a triple Patrick Griffin is confident that blockchain solutions are the way forward and improving the lives of users in emerging markets he says as quoted the payments problem is a global problem but its negative impact disproportionately affects emerging markets whether it's a teacher in the u.s. sending money home to his family in Brazil or a small business owner in India trying to move money to open up a second store in another country it's imperative that we connect the world's financial institutions into a payment system that works for their customers not against them with one coin obviously my friends to rule it all call ripple Southeast Asia's leading digital cross-border money transfer service provided Instagram is also joining ripple net to facilitate faster payments to other members of the rapidly growing network it currently consists of over a hundred banks and other financial institutions providing real-time messaging clearing and a settlement of financial transactions and we've covered this before on news clips insta REMS a partnership will allow their corporate and SME subject matter expert or SME customers quick and hassle-free payouts to a number of destinations in the region prashant nanu co-founder and CEO stated we are pleased that this new partnership with ripple which will see ripple net members utilizing instagrams unique payments mesh we have developed in Southeast Asia to further streamline payment processes the company processes over 500,000 transactions per year and is concentrated in connecting businesses and individuals from Australia Canada Hong Kong Singapore and India to over 60 countries worldwide ripple net is not part of the company's cryptocurrency XRP which drives a separate system called X rapid it was reported last week that Western Union was trialing transfers using X rapid and XRP well guys I'm gonna throw this right back to you guys so let me know in the Bitcoin dot pub your thoughts or the comments section below your thoughts on ripples massive expansion now ripple is expanding but that doesn't mean that it's a good point to invest in so we have to kind of differentiate the two are we going to be investing in X rapid and X or P are you really investing in the real company which has nothing to do with no currency whatsoever think about that guys chew on that for a second however there is a pragmatic side that's inside of me and sometimes that pragmatic side comes out a little bit when it comes to Ripple I have what have two intellectually if I'm beat until intellectually honest ripple ain't going nowhere it's too entrenched within the system so the question is should you join Ripple should you join the team should you take advantage pragmatically of some price appreciation that could find you to be a ripple millionaire or is that a pipe dream let me know in the Bitcoin table or the comment section below and & like button for real crypto currencies like Bitcoin
