ICYMI: Ripple teams up with Modulr to set up a system of seamless payments in the UK and Europe for enterprises and retail users RippleNews XRPnews XRP XRParmy XRPnews
has inked a strategic partnership with Modulr, a major provider of payment solutions in the U.K.
Together, they intend to set up a system of seamless payments in the United Kingdom and Europe for enterprises and retail users.Apart from announcing its collaboration with Ripple, Modulr spread the word that Trust Payments, a global enterprise that provides payments around the world, is going to be the first payment provider to start using the benefits of this partnership. It will now be expanding its services and offering new payment tools to its clients.
Ripple and Modulr's collaboration will help companies, such as Trust Payments, to improve its cross-border system of payments thanks to Ripple-powered DLT platformModulr offers its Payments as a Service platform's services to businesses located and operating in the U.K. and Europe. Among its customers are SWIFT, SEPA, Bacs CHAPS, etc. Besides, the company has direct a connection to the Bank of England, thus helping its customers to settle funds there.
While commenting on the new partnership, Ripple's Sendi Young, head of RippleNet in Europe, mentioned Modulr as having as strong U.K.-based payment infrastructure and a chance to expand RippleNet, covering more companies and clients with it.
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