Ripple Partners With Remittance Company in South America, Currency birds a money transfer company has announced that it will be joining the Ripple net, The firm already partners with more than 200 banks and financial institutions across the globe.

According to the company, the partnership will speed up transactions. Many other financial institutions are already using the Ripple net. The company aims to use ripple's technology to power cross-border payments. 

The company has more than 12000 customers and aims to improve their relationship with customers through the integration of this new technology into their business. Currency birds did not reveal what payment solution it plans to adopt but we might speculate that this would be the usual X current payment messaging system. 

Currency Bird joins Other big companies that are already using Ripple’s product across their payment services – MoneyGram, Standard Chartered Bank, American Express and many others. 

What does this mean for Chile?

• Ripple is a big tech company, any kind of partnership with ripple should mean expansion.
• Though there was no full disclosure regarding how this will directly affect Chile as a country,
• it is believed that Currency Bird  will now have the ability to process customers payments across the globe instantly,
• Ripple network transfers are very cheap and fast the integration of the various services that ripple has to offer might boost sales
• Many companies will probably partner with Currency Bird, 

In conclusion, The expansion of the company may lead to more employment and job opportunities.  

This is not the first company from south America to partner with Ripple as it recently opened its office in Brazil to expand its reach across the continent.

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