The annual report of El Salvador’s Banco Hipotecario reveals that the state-owned bank started using the RippleNet for real-time cross-border payments.
Thinking Crypto may shed light on the question of how many partners Ripple actually has at the moment.
Ripple Labs has gained a new partner for its payments network, as discovered by XRP community member @WKahneman. El Salvador’s Banco Hipotecario lists a new system for international payments that uses Ripple’s network in its 2020 annual report released this month.
Kahneman suspects the connection is through Nium. Last October, Nium, a strong Ripple partner, announced a strategic collaboration with Banco Hipotecario, a state-owned bank (40%) in El Salvador, to improve international remittance services for consumers and businesses across the country.
The announcement said at the time that the partnership will open the door to new international payment corridors beyond Latin America, delivering convenient, secure and real-time
