Ripple has
announced the addition of Ria Money Transfer a subsidiary of Euronet Worldwide to its RippleNet blockchain payments network. Ria transfers $40 billion of money per year.
Euronet claims to be one of the largest global money transfer companies, the world’s large payment network for pre-paid mobile topup and one of the largest indepenent ATM networks in Europe. It has a market capitalisation of $7.7 billion.
In the past Ripple separated users of its
xRapid and xCurrent solutions. xCurrent is the payment messaging protocol to which Ria has signed up. Whereas xRapid users additionally use the XRP cryptocurrency to transfer money, sidestepping the conventional correspondent banking network.
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