- “By using Ripple’s revolutionary blockchain technology, we’re able to establish real-time communication between us and our banking partners in India”¦,” TransferGo founder.
- Ripple price slightly bullish trend stalls short of $0.29.
TransferGo is delighted with the launch of real-time payments in India and Europe. The payments platform is utilizing Ripple’s blockchain that is specially designed to support cross-border funds remittances. The instant payments have been launched under a platform known as “Transfer NOW” and will cater to customers in Europe. The founder of TransferGo, Daumantas Dvilinskas commented on the new service:
“By using Ripple’s revolutionary blockchain technology, we’re able to establish real-time communication between us and our banking partners in India, allowing TransferGo customers to send money to family and friends or make international payments immediately.”
The press release did not give details of which one among Ripple’s payment solutions it will be using. However, it is likely that they are using RippleNet to support instant transfers. RippleNET is currently used by banks, payment providers and other financial institutions to facilitate real-time money transfers. Europe-India is a very strategic corridor for TransferGO, besides Ripple already enjoys a good presence in India. Ripple’s senior vice president of customer success Marcus Treacher said in regards to the new service:
“TransferGo is a great example of a forward-thinking payment provider that’s leaning in to new technology to facilitate real-time, cross-border money transfers for their customers. That’s a big step forward.”
Ripple price technical picture
Ripple has made little progress since the analysis published earlier in the day. The bullish trend has stalled short of $0.29 but the support at $0.26 is still protected. Technical indicators are giving positive signals but for Ripple to avoid dips towards $0.240 support, it must recoil above $0.30 in the short-term.
XRP/USD 4-hour chart 
Share
