Categories: NewsRipple News

Banco Rendimento Becomes First Bank to Join RippleNet Cloud

Quick Take

  • Banco Rendimento becomes the first bank to join RippleNet Cloud.
  • RippleNet Cloud is popular among new RippleNet customers.

Banco Rendimento becomes the first bank to join RippleNet Cloud. The Brazilian bank is not new to Ripple, joining RippleNet last year.

As the top volume producing bank in Brazil, Banco Rendimento expects to increase payment volumes by Q1 2021, using RippleNet Cloud. 

Ripple

RippleNet, in itself, offers financial institutions the ability to streamline global remittance through quick and cost-effective payments. RippleNet Cloud increases accessibility, through faster, cost-effective, and more flexible RippleNet deployments.

We migrated to RippleNet Cloud to give our customers the chance to connect with global partners easily, faster and with more transparency. We’re seeing cloud services as a way to allow them to easily navigate, while they can submit and trade payments in the same environment with clients from all over the world, and Ripple is helping us with that

Jacques Zylbergeld FX Superintendent @ Banco Rendimento

RippleNet Cloud

RippleNet Cloud provides banks and financial institutions with greater flexibility and accessibility, especially in today’s remote-first world. Through RippleNet Cloud, participating members facilitate payments through a synonymous integration throughout all RippleNet customers.

Furthermore, according to the Ripple, RippleNet Cloud customers can connect to the RippleNet network five weeks quicker as well as lowering the hardware and staffing cost.

In the last six months, more than 80% of new RippleNet customers have opted for Cloud deployment and 30% of all RippleNet payments are now being sent and/or received through RippleNet Cloud.

Ripple

RippleNet Cloud has also been increasing in popularity, with the majority of new RippleNet customers opting for the cloud. With the addition of Banco Rendimento, the RippleNet Cloud ecosystem continues to grow.

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The Crypto Associate Staff

The Crypto Associate is cryptocurrency media publication bringing you transparent news allowing you to act before the markets.

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