- Ripple collaborates with RocketFuel to integrate its payment network.
- RocketFuel utilizes Ripple Payments for low-fee, instant cross-border B2B transactions.
- XRP saw a 15% price rise, driven by Ripple’s Swell conference.
Ripple has unveiled a groundbreaking partnership with San Francisco-based payments company RocketFuel. This strategic collaboration, announced at the Ripple Swell conference, aims to integrate Ripple’s advanced payment network into RocketFuel’s product suite, ushering in a new era of seamless transactions.
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Under this partnership, RocketFuel will leverage Ripple Payments across three key payment products tailored for eCommerce merchants and B2B payments. RocketFuel’s “Pay-in-Commerce” and “Mass Pay-out” offerings will now feature Ripple Payments, allowing merchants to receive payments in both cryptocurrencies and fiat via bank transfers. Moreover, the “Cross-border B2B” product, which facilitates large-sum transactions across borders, will benefit from Ripple Payments, enabling B2B clients to move funds swiftly and affordably.
Peter Jensen, the CEO of RocketFuel, expressed his enthusiasm for the collaboration, emphasizing how it would revolutionize the company’s offerings. He highlighted the superiority of blockchain-based products like Ripple’s over traditional payment rails, emphasizing their efficiency and modernity.
Simultaneously, the Ripple Swell conference brought exciting news for XRP, Ripple’s native cryptocurrency. XRP experienced a remarkable 15% surge in its price within the past week, fueled by positive developments from the conference.
Notably, Ripple-owned Metaco announced a groundbreaking partnership with HSBC, a leading multinational banking giant, to launch a crypto custodial service for its clients. This development, alongside the broader positive sentiment in the crypto market, contributed to the surge in XRP prices.
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