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Ripple’s Marcus Treacher: RippleNet really came to life in the year of 2018

Marcus Treacher, SVP of Customer Success spoke about the whether RippleNet’s customers were following the lead of Santander, in the extended interview of the latest The Ripple Drop episode. He also spoke about what RippleNet’s customers have been able to do with the services provided to them.

Treacher started by speaking about the key milestones of Ripple through 2018. He stated that it was the year when RippleNet really “came to life”, adding that the team has built the network to connect to 40 countries around the world. RippleNet is a network of banks, payment providers and other financial institutions, deploying the solution offered by Ripple, thereby enabling efficient payment services for the customers connected on RippleNet. He said:

“We went live with some of the largest banks and most creative payment companies and we really started to bring the whole payment vision of Ripple to life. That’s a really really big deal.”

xRapid, xCurrent, and xVia | Source: Reddit

xRapid, xCurrent, and xVia | Source: Reddit

He went on to say that in the same year, the team defined the RippleNet community, a book of rules that banks and payment companies worked with the use of Ripple services. Marcus further added that these financial institutions can work together, discover new partners and new counter-parties, following which the network will start to build on its own. He said:

“When you do that kind of thing let’s ring it tipping point that’s what the flywheel starts to really turn and we’re seeing a great shift in how our customers are behaving in 2018”

This was followed by Treacher speaking about the various things Ripple’s customers have been able to do with RippleNet for the end users. For this, he quoted Santander’s payment service, One Pay FX as a fine example, adding that Ripple is driving the solution, thereby helping the bank’s retail customers “get a really excellent payment experience” while making payment to their friends and family around the world.

Furthermore, the SVP of Customer Success spoke about whether other customers are following Santander’s lead in terms of creating applications and services for their direct customers. He stated that the team is currently using the learning and know-how of Santander into helping their other customers develop “winning propositions for their own apps” and their instant banking services. He said:

“So, for example CIMB went live very recently with Ripple embedded in their speed […] transfigure in the UK has implemented Ripple within their payment app. What’s this doing it’s creating a true global network of blockchain powered payment capability and that’s starting to bring the internet of value to life”

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from AMBCrypto http://bit.ly/2CfoTkC

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