PayPal Xoom Targets Quick Payments With Ripple Partner Ria

Before we start XRP nor Ripple are explicitly mentioned here, however, Ria Money Transfer is a big RippleNet partner and has joined PayPal’s payment service Xoom.

We are particularly excited because the move includes a major partnership not only with Ria but also Walmart whose Ripple connection featured last week.

At Ria, we are delighted to further consolidate our relationship with Xoom and Walmart. Our continued partnership is a fine example of how Ria’s technology can serve as an enabler between platforms, offering consumers and partners an added layer of security and compliance screening, in turn facilitating value creation within the Fintech ecosystem.

Ria’s integration with Ripple serves to build rails for an innovative payment infrastructure that seeks to provide easier access to potential partners, while delivering faster and cleaner payments to its users. Time is a vital currency for our customers and partners, so we always keep it at the center of our innovation efforts

Juan Bianchi - Ria Money Transfer

When Xoom was announced many Ripple doubter’s called it the ‘Ripple Killer’ but even those reporters conceded its fee’s and speed were lightyears behind RippleNet.

While the entire crypto market may have reached its bottom value and continues to be manipulated, Ripple is hard at revolutionizing the world behind the scenes.

This launch brings PayPal on par with other international money remittance services such as TransferWise and MoneyGram. The app also offers next-day money transfers at fees that are lower than its main platform, PayPal. As per their website, transfers on Xoom cost $4 in Europe and $9 to countries further afield  It also sets Xoom against blockchain-based competitors like Ripple. However, if Xoom is planning to outgrow Ripple, it will have to speed things up and drop the price significantly.

FX Street

Ria still uses the fiat to fiat function of RippleNet, formerly known as xCurrent but as with many customers thus far, the transition to ODL is not only easy but inevitable.

The writer of the blog is invested long term in XRP and tries to avoid outlandish hype, we simply connect the dots and paint a real picture of where this is all heading.

As always this is not investment advice, we are not financial advisors, always do your own research and only invest what you can afford to lose! 

Further Reading.