Ripple Labs, a leading cryptocurrency payments company, has forged new partnerships in France and Sweden even as countries across Europe are tightening crypto-related regulations. The crypto solutions provider has signed deals with Lemonway, a French payments provider for online marketplaces and Xbaht, a Swedish fund transfer provider for launching its On-Demand Liquidity (ODL) system. This partnership would enable […]
Ripple Labs, a leading cryptocurrency payments company, has forged new partnerships in France and Sweden even as countries across Europe are tightening crypto-related regulations.with Lemonway, a French payments provider for online marketplaces and Xbaht, a Swedish fund transfer provider for launching its On-Demand Liquidity system.
Ripple’s announcement comes against the background of the Markets in Crypto Assets being approved by the Europe Parliament.The announcement iterates Ripple’s plan to expand into the European market even as the continent is witnessing a tightening control over crypto assets by regulatory bodies. Since then, a number of crypto exchanges, including Binance, have been authorized to provide services to French users.
“We are delighted to be working with Lemonway and Xbaht, our first ODL customers in France and Sweden respectively… we have become the partner of choice for enterprises such as Lemonway and Xbaht looking to tap into global crypto liquidity to eliminate the traditional problems associated with cross-border payments such as lack of speed, unreliability, and excessive cost.
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