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.
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.
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.