Ripple partner Earthport has announced the launch of an API that makes banks’ connection to Ripple for cross-border payments more convenient and accessible for smaller institutions.
This solution was developed for banks that want the benefit of the speed and certainty of the Ripple network, but must overcome the limitations legacy technology or compliance issues with Earthport’s help.
Earthport’s team explained the benefits of the service in a statement earlier today:
“The extended service will simplify and accelerate the adoption and implementation of Distributed Ledger Technologies for the banking community – allowing banks to swiftly move into this new world of payments without additional heavy investment in infrastructure, compliance or operational requirements. This is achieved via full access to the Ripple ecosystem through a single contract, a single technical integration, and a single service relationship.”
https://ripple.com/insights/earthport-launches-distributed-ledger-hub/?utm_source=Ripple+News&utm_campaign=39f0473020-RSS_BLOG_CAMPAIGN&utm_medium=email&utm_term=0_706ebe5aff-39f0473020-90656541
