Ripple Labs Joins Cross-Border Payments Association

AccessTimeIconMar 5, 2015 at 11:14 a.m. UTC
Updated Sep 11, 2021 at 11:35 a.m. UTC

San Francisco-based Ripple Labs, the startup behind the digital payment network Ripple, has joined the International Payments Framework Association (IFPA).

The Association, whose members include the likes of ACH, NACHA and SWIFT, provides rule sets, best practices and guidance on how to improve cross-border payments.

Nilesh Dusane, director of business development at Ripple Labs, said that the company was "very excited" to join the network, adding:

"IPFA rules – when they are appropriately modified for Ripple – help us create a complete, real-time, cross border payment system."

The news comes after Ripple Labs joined the NACHA Payments Innovation Alliance and the Center for Financial Services Innovation Network (CFSI) in June 2014 and February 2015 respectively.

Following the announcement, a spokesperson for Ripple said its NACHA Alliance membership offered the company another opportunity to further its mission of "working with everyone within the industry to help drive innovation around the movement of money".

The CFSI is dedicated to improving financial health, placing an emphasis on reaching the undeserved.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.