Ripple Labs Joins Cross-Border Payments Association

Mar 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.

The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

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.

Trending

1
Musk Sets New Condition for Twitter, Citi Says Terra’s Fallout Unlikely to Hit Wider Financial System

The most valuable crypto stories for Tuesday, May 17, 2022.

The most valuable crypto stories for Tuesday, May 17, 2022.

2
Market Wrap: Cryptos and Stocks Mixed Amid Bearish Sentiment

BTC is stabilizing around $30K while stock market volatility begins to fade.

BTC is stabilizing around $30K while stock market volatility begins to fade.

3
New Data Shows Underground Bitcoin Mining Thriving in China

The U.S. has also expanded its lead in the global hashrate competition.

The U.S. has also expanded its lead in the global hashrate competition.

4
Bitcoin sube a $30K, con una resistencia en $35K

BTC está en camino de registrar una señal de impulso positivo en el gráfico diario.

BTC está en camino de registrar una señal de impulso positivo en el gráfico diario.