Ripple and DriveWealth Aim to Speed Cross-Border Investment Funding
Edited by Steinar Vigdel Kolnes, Editor, Oslo
A new partnership between Ripple and DriveWealth aims to give more than 100 partners greater flexibility to fund investments beyond bank transfer windows.
Ripple and DriveWealth have announced a partnership aimed at reducing funding delays for platforms that provide access to U.S. markets. The initiative could benefit more than 100 DriveWealth partners, including fintech companies and digital wallets.
The effort focuses on cross-border transfers, where delays can leave capital unavailable for investment. It seeks to give partner platforms more flexibility when funding investments outside banks’ transfer processing windows.
The partnership addresses a mismatch between expanding trading hours and banking schedules. The source report did not specify a rollout timetable or quantify the expected reduction in funding times.
Source: Bitcoin.com News
