Lemonway And Ripple Will Collaborate For Euro-To-Euro Payments

France’s Lemonway and Ripple will collaborate for international euro-to-euro payments as we are reading more in our ripple news today.

San Francisco-based payment protocol Ripple announced the new partnership with Lemonway to bring international euro-to-euro payments to its customers. Pan-European payment solution for the online markets Lemonway and Ripple will utilize RippleNet’s to facilitate euro-to-euro payments for customers. At the same time, the payment protocol announced a new restructuring with the executive leadership across the organization and by rebranding two of the products.

We’re proud to announce our partnership🤝with @Ripple 🔗Thanks to #RippleNet, Lemonway is now able to provide instant & more transparent Euro-to-Euro #payments for #marketplaces#instantpayment #blockchaintechnology #psphttps://t.co/OZvAmcglMf pic.twitter.com/bPPlDrAdin

— Lemonway (@LemonWay) October 6, 2020

Announced earlier today, the partnership between Ripple and the French company that was created in 2007, will allow Lemonway to be connected to Nium through RippleNet. By doing so, the French company wants to transform international payments and to decrease payout times for customers. The collaboration will allow the Franch company to improve its euro-to-euro payment corridors and will enable the company to expand to fiat currencies. RippleNet will provide access to thousands of global financial institutions thus reducing processing costs and time as well. The Global Head of Institutional Business Rohit Bammi said:

 “Nium looks to create a fintech infrastructure that can help banks and financial institutions launch and scale innovative digital financial services without the complexity, time, and cost previously required to do so. This partnership with Lemonway through RippleNet to enhance their payments capabilities is a testament of that.”

Lemonway’s payment processing and management solutions will serve more than 1400 European marketplaces and also 200 crowdfunding platforms. The company noted that with this number of clients increased transaction volumes mainly for traditional cross-border payment services. With RippleNet, Lemonway’s services will speed up substantially.  Apart from the latest partnership, Ripple also announced appointing a new “executive leadership across the organization” and rebranding of two company products. Xspring became Ripple X while ripple obtained a new name- Ripple Impact.

We’re thrilled to partner with @LemonWay. Learn how Lemonway is using #RippleNet to build differentiated value propositions with significantly faster payouts for marketplaces. https://t.co/bAOHrLVsV8

— Ripple (@Ripple) October 6, 2020

The former director of communications Monica Long received his new role as the General Manager of RippleX with a mission to enhance the adoption and utilization of the XRP native token and the XRP Ledger. The characteristics of both will allow developers to transform existing applications and unlock the new user experiences across payments, digital media, foreign exchange, and identity.