Ripple, the world’s third-largest cryptocurrency by market cap, has announced a new partnership with UK remittance firm Xendpay.
The London-based firm will now become a part of Ripple’s global settlement platform, RippleNet, according to a press release issued today. Joining RippleNet will now allow Xendpay access to markets in Bangladesh, Malaysia, the Philippines, Vietnam, Indonesia, and Thailand. Xendpay is a money transfer platform that is popular among migrant communities as it allows them to repatriate funds while, crucially, giving them the option to waive transfer fees through its Pay What You Want service.
“Most …
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