Thunes and Ripple, two leading companies in the global financial sector, have announced an expanded partnership to revolutionize cross-border payments worldwide. Building on their successful collaboration since 2020, the partnership aims to enhance the payout experience for customers, optimize global money transfers, and expand the reach of payouts to key markets.
With the increasing demand for digital financial services, Thunes has integrated blockchain and digital asset technologies to enhance its Direct Global Network. By leveraging Thunes‘ proprietary network in conjunction with Ripple’s blockchain-based payment solutions, the two companies are enabling more efficient and accessible cross-border payments for financial institutions and businesses globally. Ripple’s corporate clients can now easily withdraw funds in new currencies and countries, further improving their global payment capabilities.
Thunes ensures reliable real-time payouts in local currencies through its Direct Global Network and plays a crucial role in facilitating „last-mile“ delivery in regions with limited banking infrastructure. The partnership will enhance the reach and efficiency of its network, providing businesses and end-users with fast, secure, and accessible financial services. Thunes also leverages Ripple Payments to enhance its SmartX Treasury System.
Ripple Payments enable fast, transparent, and reliable cross-border payments, serving as on/off ramps for banks, crypto companies, and fintechs worldwide. To date, Ripple Payments has nearly global coverage, operating in over 90 payout markets that cover more than 90% of daily foreign exchange markets and process a volume of over $70 billion.
Chloe Mayenobe, President, and COO of Thunes, said: „Members from both the traditional financial sector and the digital asset ecosystem are connecting with Thunes. We are well-positioned to bridge these two worlds and drive the future of digital assets, as evidenced by our alliance with Ripple. By supporting real-time settlements and deep local integrations, we enable digital asset businesses to conduct seamless, compliant, and accessible cross-border payments on a large scale.“
Fiona Murray, Managing Director for Asia Pacific at Ripple, stated, „We are committed to reshaping the future of global payments through blockchain technology. Our partnership with Thunes accelerates our shared goal of improving the efficiency, speed, and security of global payments. By combining Thunes‘ extensive and trusted Direct Global Network with Ripple’s digital asset infrastructure, we enhance payment speed, accessibility, and compliance in all regions. This partnership not only enables seamless, cost-effective transactions but also supports the growing global demand for innovative, blockchain-based financial solutions.“
Thunes is the Smart Superhighway for global money movement, connecting payments in real-time across over 130 countries and more than 80 currencies through its Direct Global Network. On the other hand, Ripple is the leading provider of digital asset infrastructure for financial institutions, offering simple, compliant, and reliable software that enables efficiency gains, reduces frictional losses, and fosters innovation in global finance.
For more information about Thunes and Ripple, visit their official websites for details about their products and services.