Blockchain business Ripple has partnered with Modulr to work on a payments solution.
In Brief:
Modulr currently offers Payments-as-a-Service in the UK.
Ripple’s RippleNet forms a network of banks, payment providers and more to manage cross-border transactions.
Together, the businesses aim to make payments across the UK and Europe fast, reliable and cost-effective.
What does this mean?
While Ripple is normally associated with cryptocurrency, Modulr says the two companies share the same goal to “make it easy to send and control global business payment flows” by reducing inefficiency.
