Cryptocurrency solutions are gaining traction across Europe. Ripple’s New Value 2022 Report shows that 70% of respondents at financial institutions in Europe expect blockchain, the ancillary technology that powers Ripple’s crypto solutions, to have a major impact or substantially to their business over the next five years.

However, companies in France and Sweden will not sit idly by for the next 5 years but instead embrace crypto solutions now thanks to two new Ripple partnerships.

Since 2020, Paris-based pan-European payments organization Lemonway has partnered with Ripple to reduce payment times for its customers by streamlining cross-border payments. surname. Lemonway is currently using Ripple’s On-Demand Liquidity (ODL) solution to improve its internal cash management, further positioning the company as a leader in payments.

As the first French payment service provider for online marketplaces using ODL, Lemonway can now improve operational efficiency by eliminating the need to pre-fund accounts destinations in the country outside, giving them the ability to use previously trapped capital to expand into new markets and scale their businesses.

Additionally, Ripple also announced a partnership with remittance service provider Xbaht in Sweden to enable instant and affordable money transfers. Since ODL enables the movement of capital around the world in seconds at a fraction of the cost of the traditional payment methods businesses currently rely on, Xbaht can leverage this technology to enable its customers to send money across borders faster and cheaper than ever before.

Ripple’s focus on using blockchain and crypto to create real-world use cases has made us the partner of choice for businesses to harness the liquidity of money e-global, eliminating legacy conflicts related to cross-border payments such as slow payment times, lack of transparency, and excessive costs.

These partnerships enable consumers and businesses in France and Sweden to make cross-border real-time payments, powered by Ripple.