Ripple is the leading provider of enterprise blockchain and cryptocurrency solutions. Its global payments network, RippleNet, was initially focused on solving pain points with cross-border payments and today has processed millions of transactions worth billions globally.
RippleNet has since evolved to be a platform with crypto-native services built on top – for instant settlement, lines of credit and crypto liquidity. Ripple leverages XRP, the digital asset native to the open-source and decentralized XRP Ledger, to instantly settle cross-border transactions in a solution called On-Demand Liquidity (ODL).
RippleNet has hundreds of customers in over 55 countries and 6 continents sending millions of transactions to each other around the world.
Despite the steady growth of RippleNet members, Flash Payments remains the first and main partner to leverage RippleNet’s ODL solution in the Australian market. Flash Payments is the first Australian digital currency business to receive the Australian Financial Services License (AFSL) from the Australian Securities and Investments Commission (ASIC).
Flash Payments is leveraging its proprietary infrastructure with other licensed money service businesses in relevant payment corridors. They are actively seeking to expand the ecosystem and facilitate other payment processors to join RippleNet..
Flash FX invites interested parties to engage directly with them.
Some of the customers leveraging ODL are:
- FOMO Pay
- SBI Remit
To keep up to date with all the new Ripplenet partners, you can check out the official Insights page.