Amsterdam, June 2024 – Ripple, a leading enterprise blockchain and cryptocurrency solutions provider, has announced a strategic partnership with Clear Junction, a global leader in cross-border payment solutions for regulated institutions. This collaboration aims to streamline GBP and EUR-denominated payouts for Ripple’s payments customers, with plans to expand currency support later this year.
Key Highlights of the Partnership
👉 Explore how Ripple is revolutionizing cross-border payments
- Instant Payouts: Clear Junction will enable secure, real-time GBP/EUR payouts for transactions into the UK and EU.
- Regulatory Compliance: As an FCA-authorized e-money institution, Clear Junction ensures funds are protected under industry security standards (ISO 27001 certified).
- Future Expansion: Additional currencies and services will be rolled out in 2024.
Statements from Leadership
Cassie Craddock, Managing Director, Europe at Ripple:
"Clear Junction’s expertise in cross-border payments and existing client relationships made them an ideal partner. This marks the beginning of a long-term collaboration."
Dima Kats, Founder and CEO of Clear Junction:
"Blockchain and crypto are reshaping correspondent banking. Partnering with Ripple allows us to innovate while enhancing our fiat and crypto offerings."
How Ripple Payments Transforms Cross-Border Transactions
Ripple’s enterprise-grade infrastructure leverages blockchain to deliver:
- Cost Efficiency: Lower fees compared to traditional banking.
- Speed: Near-instant settlements.
- Global Reach: Services in 55+ countries, with payouts in 80+ markets (90% FX coverage).
Clear Junction’s Role
Founded in 2016, Clear Junction provides:
- Multi-currency accounts and virtual IBANs.
- Faster market access for financial institutions.
- Treasury services powered by proprietary technology.
FAQs
Q: Which currencies are supported initially?
A: GBP and EUR, with more added in 2024.
Q: Is Clear Junction regulated?
A: Yes, by the UK’s Financial Conduct Authority (FCA).
Q: How does Ripple ensure transaction security?
A: Through ISO 27001-certified systems and blockchain transparency.
👉 Learn about Ripple’s global payment solutions
About the Companies
Ripple: Enterprise blockchain leader focused on removing economic borders through crypto solutions like XRP.
Clear Junction: FCA-regulated payments innovator since 2016, specializing in cross-border fintech infrastructure.
For media inquiries, contact:
- Ripple: [email protected]
- Clear Junction: [email protected]