Ripple is a blockchain and cryptocurrency enterprise solutions provider. RippleNet, its global payments network, was initially created to solve problems with cross-border payments. Ripplenet has become a platform with crypto-native services built on top for instant settlement, lines of credit, and crypto liquidity. Ripple operates using XRP, the digital asset native to the open-source and decentralized XRP Ledger, to instantly settle cross-border transactions in a solution called On-Demand Liquidity (ODL).
RippleNet has seen steady growth over the years with hundreds of customers in over 55 countries and 6 continents. RippleNet’s customers send millions of transactions around the world.
Currently, Flash Payments is RippleNet’s first and main partner to leverage the ODL solution in the Australian market. Flash Payments is the first Australian digital currency business to receive the Australian Financial Services License (AFSL) from the Australian Securities and Investments Commission (ASIC). The company is leveraging its proprietary infrastructure with other licensed money service businesses in relevant payment corridors, seeking to expand the ecosystem and facilitate other payment processors to join RippleNet.
Flash FX invites interested parties to contact them directly and engage with their services. Despite the growth of RippleNet’s members, Flash Payments remains RippleNet’s first and primary partner in the Australian market.
Several customers leverage ODL, such as Azimo, FOMO Pay, iRemit, Tranglo, SBI Remit, and PYYPL. RippleNet’s official Insights page contains the latest information on all new RippleNet partners.
In summary, RippleNet’s customer base has seen significant growth, and the network now offers several crypto solutions and services built on top of its payment network infrastructure. Additionally, RippleNet’s partnership with Flash Payments is strong and is expanding to other players in the Australian market. RippleNet continues to offer innovative payment solutions to its customers globally.