Ripple partners with Clear Junction to enhance UK and EU cross-border payments
Today, Ripple, the leader in enterprise blockchain and crypto solutions, announced a new partnership with Clear Junction, the global leader in cross-border payments solutions for regulated institutions. The partnership will see Clear Junction facilitating instant and secure GBP and EUR-denominated payout coverage for Ripple’s payments customers. A host of new currencies are scheduled to be switched on for Ripple customers later this year.
“Clear Junction is a great fit for Ripple,” said Cassie Craddock, Managing Director, Europe at Ripple. “From the word go, it was able to support all of our use cases, including providing GBP and EUR payout coverage for our clients sending payments into the UK and European Union. Clear Junction already has strong relationships with a number of our existing clients, and its management team has many years of experience in cross-border payments and banking. We are excited to bring Clear Junction into our network, and we see this as merely the start of our relationship.”
As an FCA-authorised e-money institution in the UK, Clear Junction’s operational strengths give its partners the reassurance that their funds are secure and protected by necessary payment industry and data security safeguards. Clear Junction gained ISO 27001 certification, the highest global data security standard that businesses can achieve, as further evidence to the operational security principles it is committed to.
“At Clear Junction, we work tirelessly to identify new commercial opportunities to enable us to enhance our existing offering across the fiat and cryptocurrency domains,” said Dima Kats, Founder and CEO at Clear Junction. “Blockchain technology and cryptocurrencies will definitely be at the core of the evolution of correspondent banking and we are happy to partner with Ripple to be a part of this process. This partnership is a great example of two institutions coming together to augment their respective products and services. We’re looking forward to working closely with the Ripple team and hope to explore more ways to grow our partnership in the future.”
Ripple Payments provides the enterprise-grade infrastructure required for businesses to leverage blockchain easily for faster, cheaper, more efficient cross-border payments without needing to be an expert. It delivers a superior end-to-end customer experience, simplified network partnering, liquidity management solutions, lines of credit, and state-of-the-art infrastructure to enable real-time payments.
Today, Ripple serves hundreds of customers in over 55 countries and on six continents, with payout capabilities in over 80 markets representing more than 90% of the global FX market.
Established in 2016, Clear Junction services enable quick and safe access to multi-currency payment accounts, e-money accounts, virtual IBANs and treasury services for regulated financial institutions. By working with Clear Junction, clients can shorten the time to market they typically face when establishing banking relationships, access new markets, and tap into game-changing technologies and expertise.
About Ripple
Ripple is the leader in enterprise blockchain and crypto solutions, transforming how the world moves, manages, tokenizes and stores value. Ripple’s business solutions are faster, more transparent, and more cost effective – solving inefficiencies that have long defined the status quo. And together with partners and the larger developer community, we identify use cases where crypto technology will inspire new business models and create opportunity for more people. With every solution, we’re realizing a more sustainable global economy and planet – increasing access to inclusive and scalable financial systems while leveraging carbon neutral blockchain technology and a green digital asset, XRP. This is how we deliver on our mission to build crypto solutions for a world without economic borders.
About Clear Junction
Clear Junction is a global payments solutions provider that was established in 2016. The company was founded by a veteran team of financial professionals with many years of experience in cross-border payments and banking. Over the years, we have worked tirelessly to build and develop our own proprietary technology to facilitate an end-to-end regulated payments solution.
We are licensed and regulated by the Financial Conduct Authority and have offices in multiple locations across the UK and Europe.