Payments platform Modulr has teamed with enterprise blockchain and crypto solutions firm Ripple to enable quicker payments into the UK and Europe.
According to Fintech Finance, the two FinTechs will make it easier for businesses to run real-time payments internationally through RippleNet, Rippleâ€™s financial technology. Through Modularâ€™s technology, firms globally can now make payments into the UK and Europe faster and more reliably.
RippleNet managing director for Europe Sendi Young said, â€œRipple is thrilled to partner with Modulr, who has a deep knowledge and expertise of the payments landscape, as well as unrivaled connections to critical payment infrastructure in the UK. Together we look forward to providing faster, simpler cross-border payments experience for customers on RippleNet into the UK and Europe.â€
Modulr CEO and founder Myles Stephenson added, â€œWeâ€™re excited to partner with Ripple â€“ we share the same fundamental goal which is to make it easy to send and control global business payment flows by removing the hidden inefficiencies plaguing international payments today.
“This partnership lays the groundwork for even bigger things to come. At Modulr, weâ€™re looking forward to working with Ripple on delivering real-time, price competitive and reliable payments into the UK and Europe, and then globally in the coming months.â€
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