I-Remit mounts cash transfers on blockchain
Cash will be on hand faster than ever.
Remittance services company I-Remit has found a new partner that will improve the speed of transactions they deliver.
In a disclosure, the listed company said they have forged a partnership with financial technology firm Ripple to tap their blockchain technology for remittance services. It is expected to hasten cross-border fund transfers via RippleNet.
“The adoption of the technology will drive down transactions cost, enhance speed and scale, and minimize fraud vulnerability. The I-Remit-Ripple collaboration is one of I-Remit’s pivotal strategies in achieving industry formidability via digital transformation geared towards boosting customer happiness,” the service provider said.