Today
Ripple announced a collaboration with Finastra which could significantly extend the footprint of RippleNet. The deal will allow Finastra clients to use RippleNet blockchain technology for cross border payments. Finastra is a major technology provider to financial institutions. It has more than 9,000 clients, including 90 of the 100 largest banks. Only a fraction of the clients work with Finastra for payments.
Finastra’s revenues are $1.9 billion, and the firm provides a wide array of solutions to financial institutions, some of which relate to payments.
The deal relates to RippleNet, not XRP.
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Image Copyright: Finastra Ripple
