Paydek, a UK-based cross-border money transfers provider, has tapped Ripple to deliver payments through RippleNet. According to an official announcement, Paydek will use RippleNet for transfers to Africa and Latin America in partnership with Localpayment. Terry Hopkinson, Managing Director at Paydek, says that the partnership with Ripple marks "another milestone in building additional local payment rails."
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"Expanding RippleNet to better serve Paydek's customers is a testament to the power of blockchain technology to significantly transform global payments," said Sendi Young, Managing Director of RippleNet Europe.
With RippleNet, Paydek will facilitate transaction with such currencies as XOF, XAF, SLL, KES, RWF, TZS, GHS, UGX and ZAR. Partnership with Localpayment also expands the list up to MXN, ARS, CLP and UYU.
This is Ripple's second partnership over the last few months amid battle with the US Securities and Exchange Commission. As iHodl earlier reported, Ripple also signed a partnership agreement with GME Remittance, a Korean money transfer company. GME joined Ripple's blockchain network RippleNet to conduct money transfers via Siam Commercial Bank (SCB) to Thailand.
Back then, Ripple said GME Remittance was looking to connect with existing RippleNet customers to expand into "additional remittance corridors across the region and globally, including Europe and the US."
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