Volante Technologies Offers Banks "Plug & Play" Ripple Integration

Ripple Ripple Ripple was co-founded by Jed McCaleb and Chris Larsen and was debuted in 2012 as both a digital disbursement network and a pre-mined digital coin denoted as XRP. Possessing less market cap than both Bitcoin and Ethereum, Ripple ranks as the third-largest cryptocurrency.Its dual open-source and peer-to-peer (P2P) decentralized platform whose network is capable of working with any form of money such as GBP, Ethereum, Yen, etc. What is Ripple Used For? Known as a gateway, participants of Ripple may Ripple was co-founded by Jed McCaleb and Chris Larsen and was debuted in 2012 as both a digital disbursement network and a pre-mined digital coin denoted as XRP. Possessing less market cap than both Bitcoin and Ethereum, Ripple ranks as the third-largest cryptocurrency.Its dual open-source and peer-to-peer (P2P) decentralized platform whose network is capable of working with any form of money such as GBP, Ethereum, Yen, etc. What is Ripple Used For? Known as a gateway, participants of Ripple may Read this Term is on a roll with regard to developing global bank integration technologies this week. Only yesterday Expertus revealed its out-of-the-box testing service for financial institutions and today we learn that messaging, data, and Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term software provider, Volante Technologies, is also launching a relevant solution.

Volante Technologies created a solution specifically designed to accelerate the integration with Ripple, built on the VolPay Hub Ripple integration capability it launched in October. They explain it encompasses the necessary workflow, message transformation, and payment orchestration requirements for a significantly simpler process, both on the sending and receiving side, with minimal if any changes to their existing payment systems.

Neil Clarke, Market Engagement Director, Volante Technologies, commented: “Ripple continues to gain traction in the payments world and banks are looking for solutions to quickly and easily integrate to this new distributed ledger based multi-currency settlement solution. Volante’s market leading integration technology is ideally suited to meet the challenge of integrating a bank’s payment systems to the Ripple network. Our aim has been to make integration with Ripple, a plug and play process.”

Steve Mollenkamp, Head of Channel Sales, Ripple, commented: “The combination of Volante and Ripple greatly simplifies banks' integration with Ripple distributed financial technologies. We view Volante as a critical partner for building Ripple's new real-time, data-rich payments network.”

Nadish Lad, Head of Payments Product, Volante Technologies, added: “By introducing this new Ripple integration solution as a component part of VolPay Foundation, we are now offering the agility and simplicity that banks need to integrate their existing payment platform with the Ripple settlement network. The Volante solution will use the bank’s existing payment message standards to communicate with Ripple – Banks will be able to achieve integration without spending the time and effort normally associated with this type of integration work.”