Two Payment Service Companies and Kuwait’s Largest Bank Join RippleNet

June 1, 2018

RippleNet, network for institutional providers of payment services, keeps attracting new members.

On May 30 Ripple declared concluding an agreement with two international companies engaged into money transfers: Singapor’s InstaReM and Brazil’s BeeTech. Under this contract the companies’ customers will be granted access to Ripple products and be able to execute fast, cheap and transparent transfers to anywhere in the world.

Under this collaboration the customers will be provided with the option of live blockchain transfers among Latin America, Southeast Asia and Europe that are served by InstaReM. BeeTech’s head Fernando Pavani stated, the company’s clients will be offered profound financial service including making payments and services from suppliers at over 60 markets around the globe.

Just few days before, on May 26, Kuwait’s largest bank Kuwait Finance House joined RippleNet. He bank will be using Ripple’s service for international payments thus becoming the country’s first bank to join blockchain-based network.

RippleNet attracts new members regularly with American payment cards operator American Express and China’s payment services provider LianLian among them.


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