{"id":11733,"date":"2019-01-10T00:00:00","date_gmt":"2019-01-10T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/2019\/01\/10\/riple-xrp-ripples-platform-now-supports-over-200-institutional-customers\/"},"modified":"2019-01-10T00:00:00","modified_gmt":"2019-01-10T00:00:00","slug":"riple-xrp-ripples-platform-now-supports-over-200-institutional-customers","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/riple-xrp-ripples-platform-now-supports-over-200-institutional-customers\/","title":{"rendered":"Ripple [XRP]: Ripple\u00b4s platform now supports over 200 institutional customers"},"content":{"rendered":"
Ripple<\/strong> has revealed that thirteen business entities have been added to its payment platform thus extending the number of institutional customers to a record breaking 200. The recent additions have showcased Ripple\u00b4s increasing influence across international borders as institutions emerged from diverse countries such as Bahrain, Kuwait, Canada and Brazil. <\/p>\n Of the 13 new additions, 5 companies have settled on using the Ripple cryptocurrency<\/a> to take advantage of liquidity<\/strong> while the rest have resorted to using the platform without involving the Ripple cryptocurrency.<\/p>\n The companies which opted to use the platforms cryptocurrency for its associated liquidity include FTCS<\/strong>, SendFriend<\/strong> <\/a>and Euro Exim Bank<\/strong>. With the Ripple cryptocurrency, designated financial entities will have the distinct advantage of being able to settle cross-border payments without the need to prefund the accounts in receiving countries. Coupled to this is the ability to execute more efficient and low cost transactions compared to the usual traditional methods.<\/p>\n