GMT, which describes itself as Israel’s “largest” financial player, is joining Ripple’s network, alongside names such as MoneyGram.
The result of a “long and precise process,” the move reportedly will help the company remain “at the forefront” of the local finance 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; [sic] transparency and affordable costs,” GMT’s statement reads.
In a private statement to Cointelegraph, a Ripple representative said that they can “confirm that [GMT is] a Ripple customer, similar to the 100+ customers on RippleNet.”
Ripple has meanwhile faced mixed publicity over its corporate structure, with criticism coming from the conflicting accounts about its relationship with XRP.
XRP is currently up almost 3 percent on the day to press time, trading at $0.33.
Source: , CoinTelegraph
Articles listed with Cash Tech News as the author are either general information, or may have been imported from another website, to bring our readers a rich media experience that encompasses articles that we find interesting, as well as those curated by others.
The views and opinions expressed here are for informational purposes only, and should not be confused with professional financial advice. These opinions are solely those of the author and do not necessarily reflect the views of CashTechNews.com. Every investment and trade involves risk. You should conduct your own research, and contact your professional financial advisor before making any investment.
Corrections, feedback, and ideas should be submitted through the website contact form.