If you can’t beat them join them. For one digital remittances solutions provider, this held true. TransferGo announced on September 5 that it had launched a blockchain-based real-time transfer system that’s powered by Ripple. The company revealed that it had settled on Ripple’s network due to its speed of execution and its low costs, dubbing it as the best replacement for SWIFT. TransferGo will focus on the large Europe to India corridor, making Ripple an even better choice as it’s rate of adoption in India is quite high. The announcement comes at a time when most cryptos, Ripple’s XRP included, wiped out billions of dollars in hours.
Payments platform TransferGo has launched a real-time payments corridor to India, the world’s biggest remittance receiver, using Ripple’s blockchain technology. In a press release, the payments provider announced the launch of ‘TransferGo NOW’, a service which it says is available for customers “from anywhere in Europe” to “make instant money transfers to India” using San
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