Ripple To Tap Into $40 Billion Annual Money Transfer Through New Partnership With Euronet Subsidiary – Dia, What Does This Mean For XRP?

Ripple is one of the most popular Silicon Valley tech companies. When it comes to sealing strategic partnerships, few FinTech companies can compete with Ripple. This is why Ripple news, XRP news, xRapid, and xCurrent news are often about how the company has sealed one partnership after the other and how these partnerships will affect the XRP price prediction 2019. Recently, Ripple announced that it is entering into a partnership with one of the largest money transfer companies in the world, Ria. Ria is a subsidiary of Euronet Worldwide. The partnership is going to help boost the credibility of Ripple but how will it affect the XRP price prediction 2019?

XRP News Today – XRP Price Prediction 2019 – Ripple News – Ripple Partners With Ria

Ripple already has over 200 financial institutions under its RippleNet umbrella. The latest member of RippleNet is Ria Money Transfer. The money transfer firm would use Ripple’s xCurrent technology to speed up cross-border transactions. Using xCurrent, Ria Money Transfer would be able to settle transactions at a cheaper rate than it is currently using. It also enables end-to-end tracking and allows Ria to interact with the RippleNet network.

As part of the partnership, Ripple will be granted access to Ria’s Digital Integrated Payments Cloud. This is a FinTech platform that is used by Ria’s partners. According to the Dailyhodl, this ecosystem is going to be the doorway that partners of Ria would use to disrupt the global financial space permanently.

During the Euronet Worldwide Q1 2019 Earnings Call, Michael Brown, the CEO of Euronet said that the Digital Integrated Payments Cloud is disruptive. In his words;

“We are using our technology to actively support parties who are making inroads to disrupt the more traditional players by providing them with state-of-the-art technology and immediate access to our expansive physical network, which would take years to build from scratch. We signed an agreement with Ripple that gives Ripple access to Ria’s global physical and digital footprint, while also allowing Ria’s customers to connect and transact with Ripple’s network which includes more than 200 financial institutions worldwide.”

XRP News Today – XRP Price Prediction 2019 – XRP Prediction 2019 – How Will The Partnership With Ria Affect The XRP Price Prediction?

Ria has customers in more than 155 countries across 377,000 locations. On a yearly basis, the company moves about $40 billion in remittance for its customers. By leveraging Ripple’s xCurrent, Ria is going to improve its services and save money. Euronet’s CEO, Juan Bianchi said;

“At Ria we have developed the second largest Money Transfer network in the world along with a best-in-class compliance program all connected by our proprietary technology. Ria’s integration with Ripple serves to build rails for an innovative payment infrastructure that seeks to provide easier access to potential partners, while delivering faster and cleaner payments to its users. Time is a vital currency for our customers and partners, so we always keep it at the center of our innovation efforts.”

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.289
-0.35%

Having the stamp of approval from a company like Ria is a big deal for Ripple. More financial institutions will be propelled to try this new technology that is said to be disruptive. However, xCurrent doesn’t require the use of XRP as liquidity the way xRapid does. So, an increase in the adoption of xCurrent doesn’t necessarily mean an increase in the adoption and price of XRP. 

What do you think about the XRP news today? Is Ripple’s partnership with Ria going to have a disruptive effect on the global financial space or the XRP price prediction 2019? Share your thoughts in the comment section below.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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