Ripple (XRP), the company behind the XRP altcoin, today announced a new partnership with Clear Junction, a global company in cross-border payment solutions for regulated institutions.
The partnership aims to provide Ripple’s payment customers with instant and secure GBP and EUR-denominated payout coverage.
Clear Junction will facilitate the efficiency of transactions for Ripple’s customers sending payments to the UK and the European Union, making it easier to expand payment coverage.
The partnership also plans to offer a number of new currencies for Ripple customers later this year.
Ripple’s European Managing Director, Cassie Craddock, expressed her excitement about the partnership.
“Clear Junction is a perfect fit for Ripple,” she said. “From the outset, they have been able to support all of our use cases, including providing GBP and EUR payment coverage for our customers. We are thrilled to have Clear Junction join our network and see this as just the beginning of our relationship.”
Dima Kats, Founder and CEO of Clear Junction, also shared his thoughts on the partnership:
“At Clear Junction, we are constantly working to identify new business opportunities that will enhance our existing services in both the fiat and crypto spaces. Blockchain technology and cryptocurrencies are undoubtedly at the heart of the evolution of banking, and we are delighted to partner with Ripple to be a part of this journey. This partnership is a great example of two organizations coming together to enhance their respective products and services. We look forward to working closely with the Ripple team and exploring more ways to grow our partnership in the future.”