Ripple partners with RationalFX; acquires 180,000 new customers

Ripple added another feather to its hat with a partnership with RationalFX. The Financial Conduct Authority [FCA] regulated foreign exchange company, RationalFX, announced that they would enable their 180,000 customer base to make cross-border payments to over 200 destinations.

According to Investinblockchain, the partnership was mutually beneficial as Rational FX would be able to reap benefits from services provided by Ripple like faster transfers and Ripple’s tools could benefit from the partner with a firm that carried out over $10 billion worth of transactions since 2005.

RationalFX informed their customer base that it would be using only xCurrent which enables companies to conduct cross-border, real-time payments with other members on RippleNet. RationalFX UK tweeted:

“We’ve partnered with #Ripple, to make your money transfers faster, easier and more secure. Join the thousands of clients currently using RationalFX to manage their international money transfers. “

RationalFX also stated that Ripple’s service would help them cut their operating costs. The company joined RippleNet over a year ago when they announced that they would be testing Ripple’s xVia platform to help firm conduct payments. Post this, the company expanded its usage of Ripple’s services with xCurrent.

Ripple has been in the news not only for its services, but also for its contribution to the field of education. Chris Larsen, Ripple’s Co-founder, and his wife Lyne Lam, donated $25 million in XRP to a university in California. The couple made this donation through Ripple Works, a private foundation that provides support to promising entrepreneurs at the San Francisco State University [SFSU] college of Business, according to an official announcement from the university.