Ripple Now Has 120 Customers, Including Bank of America – With Many Utilizing XRP
So far, 2018 has been quite a year for Ripple. The company says it now has a total of 120 customers on its network, RippleNet. The team is signing production contracts at a record rate, adding 20 new firms this year alone.
Some of Ripple’s high profile customers include Bank of America, Credit Agricole, Mizuho Financial Group and Santander.
RippleNet is a network of banks and payment providers that use Ripple’s blockchain to process payments, including the option to leverage XRP, Ripple’s digital asset, to lower liquidity costs and improve speed.
“We’re seeing customers like Western Union, Moneygram – they’re leaning in and using our tools to solve a payment problem. And this payments problem is measured truly in the trillions of dollars,” Ripple’s CEO Brad Garlinghouse told CNBC’s Power Lunch.
Ripple is also highlighting the success of its partnership with Santander. The Spanish banking giant recently released its Ripple-powered OnePay FX app, and says 50% of its international transfers are now powered by RippleNet.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.