Cebuana Lhuillier, a Philippines-based pawn-broker and remittance firm, has announced that it is partnering with Ripple to improve the processing of cross-border transfers.

The firm is looking forward to aligning with xCurrent, a new enterprise software solution from Ripple, to smoothen the process of cross-border transactions and end-to-end communication with tracking.

Reportedly, RippleNet blockchain will have access to Cebuana Lhuillier’s 24k card. As a result, it will be able to use the remit-to-and-from-savings account card function and ease money transfer.

Jean Henri Lhuillier, CEO, and President of Cebuana Lhuillier, has stated that the initiative intends to maintain the commitment of the firm to innovate and evolve with the latest technologies. It will also improve the efficiency of its services.