European Union call for instant cross border remittance and Ripple will get top chances

Healthcare and Edtech based Eng. Company partner Ripple

Banesco Panama plans to roll out Ripple technology in Panama, Spain, & 4 others

In a bid to call for an interoperable cross-border network for consumers and businesses in Europe, the European commission hosted a session in Brussels to support an existing initiative shouldering the development and availability of cross-border instant payments in the province.

Co-hosted by the European Central Bank, the event was fashioned to help identify ways of overcoming obstacles preventing instantaneous cross-border remittance.

This is coming just weeks after the European Central Bank in an occasional paper titled: “Crypto-Assets: Implications for financial stability, monetary policy, and payments and market infrastructures” branded Ripple (XRP) among three other cryptocurrencies as most important in terms of usage as well as business model diversity.

Although some claimed that the research does not represent ECB’s view, it is clear that if the European Commission remains keen on its aim to bring instant remittance service to its province, it would have to leverage blockchain technology, and Ripple is sure the option to go for.

Ripple has so far proven the potency of its technology to a number of top banks around the world, thus making it the best viable solution in transferring fund across the border in the remittance industry.

Ripple Partners Healthcare and Edtech based Eng. Company to build FinTech connectivity in Nepal

An engineering company that is specialized in software as service products has announced partnership with Ripple blockchain technology to help connect people in Nepal financially with blockchain technology.

Known as Leapfrog, the US based company which boasts of developing world-class software with top-notch specialty in healthcare and Edutech, made the announcement via its twitter handle, claiming that it is forming a strategic partnership with Ripple.

Leapfrog is forming a strategic partnership with @Ripple to start an exploration of building a blockchain based fintech connectivity for Nepal and beyond.#Blockchain #fintech pic.twitter.com/NmUBdPZUWX — Leapfrog Technology (@lftechnology) June 2, 2019

Leapfrog added that it will be leveraging the partnership to develop “a blockchain based fintech connectivity for Nepal and beyond”.

Leapfrog claims that since its creation in 2010, it has effectively delivered more than 100 projects to clients, and it presently has 91 clients. Leapfrog says it is a fundamentalist of emerging technologies like BI, AI, IoT and VR.

Banesco Panama Explore Ripple’s Xcurrent, Plans Technology Roll-Out for Panama, Spain, & 4 others

After a previous announcement from Todays Gazette that Banesco Panama has started exploring RippleNet for cross-border remittance, the Latin American bank lately declared that in conjunction with Scotiabank Chile, it recently test ran proofs of concept for cross-border payments.

The test, according to the banks, made them realize the benefit of blockchain technology in remitting fund.

While Banesco’s proof of concept leverages Ripple’s Xcurrent to make fund transfer, the bank aims at rolling out the technology in creating a swift financial connection in Dominican Republic, Panama, Portugal, Puerto Rico, Spain and Venezuela.

Banesco eyes XRP as another advantage in executing seamless cross-border remittance.