Ripple Adds 5 New Clients Across 4 Countries

Distributed ledger startup Ripple has today announced new partnerships with five banking and money transfer institutions across four different countries.

Going forward, the two banks – Itaú Unibanco from Brazil and IndusInd from India – along with money remittance companies InstaReM from Singapore, Beetech from Brazil and Zip Remit from Canada, will be adopting different Ripple platforms to facilitate real-time international payments, according to a press release.

While Beetech and Zip Remit plan to use Ripple’s xVia product to facilitate international payment corridors aimed at individual customers, IndusInd, InstaReM and Itaú Unibanco plan to use xCurrent for real-time international transactions to financial institutions, according to Finextra.

In addition, both Beetech and Zip Remit plan to ultimately create a working relationship with China-based LianLian, which recently began using xCurrent…

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