TransferGo Reveals 90% Cost Savings With Ripple, Crypto Visa Card Platform Adds XRP
A pair of announcements on Ripple and XRP adoption are making waves.
Crypto.com has officially added XRP to its wallet and card payment app. The company, formerly known as Monaco, is working to launch Visa credit and debit cards that will allow users to spend their crypto anywhere Visa is accepted.
Meanwhile, at Ripple’s Swell 2018 conference, the payment company TransferGo revealed a major remittance cost savings, thanks in part to Ripple’s blockchain-based payment solutions.
TransferGo CEO Daumantas Dvilinskas says the company has lowered costs by up to 90% in some areas while dramatically reducing transaction settlement times to less than 30 seconds. In addition, TransferGo is now leveraging Ripple’s xCurrent to boost transactions from Europe to India.
“We just launched our first xCurrent transactions from everywhere in Europe to India through a partnership with Access Bank. Ripple helped us build and manage this relationship.”
According to Dvilinskas, since the Access Bank partnership, TransferGo has seen a 315% growth in the region in just one month.
In an effort to increase its user base from one million to 100 million, TransferGo announced that it’s making cross-border payments completely free to customers around the world.
