Source: GMT
Founded in 2012, Ripple is an American fintech company, invested by Google, which developed an advanced system for international money transfers, with a goal in mind to compete with Swift, which is the current system used by banks and financial networks globally.
Ripple’s development is based on the next generation of the BlockChain technology, that allows money transfers globally, from and to banks and financial entities., to be immediate, secured, documented and efficient. How? By transferring money directly with no need for correspondents.
From their San-Francisco HQ, and with offices in New York, London, Sydney, India, Singapore and Luxembourg, Ripple has more than 100 partners around the globe. Ripple is building a technology which strives to be efficient and fast, with low cost and full transparency. Analysts assess that Ripple will significantly affect the transfers and remittance industry.
After a long and precise process GMT was chosen to be Ripple’s representative in Israel, by so joining Ripple, and its partners, in creating a global financial system, with high-end technology and values such as; transparency and affordable costs.
GMT is joining companies like MoneyGram, AmericanExpress, CIBC, Earthport, AKBANK and many more, who are already authorized to use Ripple’s platform.
This partnership is establishing GMT’s place in the forefront of the Israeli Fintech industry, also allowing us to work side by side with some of the leading companies in the world.