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Vandana Malik
Oct 7, 2020
by Vandana Malik

Lemonway Partners With Ripple to Facilitate International Euro-to-Euro Payments

Lemonway
Lemonway, a European payment solution firm, has entered into a partnership with Ripple to utilize RippleNet. This will help the firm to facilitate the international Euro-to-Euro payments for the customers of the firm. The firm has also announced recently that it is rebranding two of its products and not only this, it has also restructured its executive leadership as well.

It is believed that through this partnership, Lemonway will be able to transform its international payments. This will also work to decrease the payout times for the customers of the firm. 

Lemonway Will Improve its Euro-to-Euro Corridors

Through this integration with Ripple, Lemonway will be able to improve its Euro-to-Euro payment system. Not only this, the firm will be further able to expand into other fiat currencies as well because it will be able to have access to a huge number of global financial institutions. This will ultimately help to reduce the time and cost of the transactions. 

According to the reports, the payment processing and management solution of Lemonway serves around 1,400 marketplaces in Europe. The firm believes that having such a huge user base has helped to increase the transaction volume. 

RippleNet Will Help to Accelerate Services

Through this partnership with Lemonway, RippleNet will be helping to accelerate the services of the firm. It has been seen that recently Ripple is going through a lot of changes in the organizations as it has rebranded two of the products of the firm. Xspring has now been rebranded as Ripple X and Ripple for Good has received a new name called Ripple Impact. Along with this, it has also appointed new executive leadership of the firm. Monica Long has been appointed as the General Manager of RippleX. It is believed that the firms will be able to seamlessly transform the existing applications and the users are going to have a complete huge experience across the payments.

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Lemonway Partners With Ripple to Facilitate International Euro-to-Euro Payments
Vandana Malik
Vandana has received Master of Arts degree in English from GEU Dehradun. She is currently working as a content writer with Agio Support Solutions and earlier worked as a sub-news editor at Business News and Information Services Private Limited. She is an enthusiastic content writer and aims to bring a compelling yet informative content to the audience. Meanwhile, enhancing her own knowledge in the cryptocurrency and blockchain industry.