Ripple’s blockchain network surpasses 100

Written by Anthony Strzalek

More than 100 financial institutions have now joined Ripple’s enterprise blockchain network, RippleNet, which aims to modernise global payments by leveraging blockchain technology.

The newest members of RippleNet include AirWallex, Bexs Banco, Credit Agricole, Cuallix, Currencies Direct, dLocal, IFX, Krungsri, RAKBANK and TransferGo. Each institution is now on path to join existing members like SEB and Siam Commercial Bank who have deployed Ripple solutions commercially.

Collectively, the financial institutions joining RippleNet are adopting blockchain commercially to provide their customers with a better global payments experience.

Brad Garlinghouse, CEO of Ripple, said: “Global payments are undeniably going through a sea change, led by financial institutions adopting blockchain to fix their customers’ broken payments experience.

“Now more than 100 financial institutions are looking to Ripple as the solution to the problem. Updating their payments infrastructure with Ripple has become the equivalent of a retailer choosing to build an e-commerce business in the year 2000 — it’s a no brainer.”

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