Thunes and Ripple are stepping up their collaboration to make moving money across borders faster and more accessible.
This builds on a partnership that began in 2020, with the aim of improving customer payout experiences, widening reach in key markets and streamlining global money movement.
Thunes has been integrating blockchain and digital asset technologies into its Direct Global Network, which supports real-time payouts in local currencies, including in regions with limited banking infrastructure.
The company is now working with Ripple’s blockchain-powered payments solutions to enhance access and efficiency for financial institutions and businesses worldwide.
Ripple’s enterprise customers will also be able to withdraw funds in more currencies and countries.
Ripple Payments currently covers more than 90 payout markets, representing over 90 percent of daily foreign exchange markets, and has processed more than US$70 billion in transactions.
Thunes is also using Ripple Payments to strengthen its SmartX Treasury System.
Chloe Mayenobe, President and COO at Thunes, said,
“Members across both the traditional finance space and the digital assets ecosystem connect with Thunes. We are in a prime position to bridge these two worlds and drive the future of digital assets, and our alliance with Ripple underscores this.
By supporting real-time settlement, and deep local integrations, we are enabling digital asset companies to deliver seamless, compliant, and accessible cross-border payments at scale.”
Fiona Murray, Managing Director, Asia Pacific at Ripple, said,
“By combining Thunes’ extensive and trusted Direct Global Network with Ripple’s digital asset infrastructure, we are enhancing payment speed, accessibility, and compliance across regions.
This partnership not only facilitates seamless, low-cost transactions but also supports the growing demand for innovative, blockchain-powered financial solutions globally.”
Featured image: Edited by Fintech News Singapore, based on image by komodo via Freepik
