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