Ripple Partners with Israel’s Largest Financial Services Company

GMT, Israel’s largest financial services company GMT recently announced their partnership with Ripple. The aim to join Ripple and its partners to create a global financial system using Blockchain technology.

They’ll be joining companies like MoneyGram, AmericanExpress, CIBC and many more, who are part of Ripple’s worldwide network.

The partnership will benefit both parties, propelling GMT to lead the Israeli Fintech industry and will be a great opportunity to collaborate with some of the leading companies in the world.

GMT in their blog mention that they have chosen to partner with Ripple after a long process of examination:

“After a long and precise examination process; GMT has been chosen to be a representative of RIPPLE in Israel, thereby becoming a partner in creating an international financial system, with advanced technology, and values of transparency and low cost.”

GMT tweeted about the partnerships saying:

As a Fintech company, we strive not only to provide you with advanced financial services, not only to develop advanced systems, but also to join leading international companies. Therefore, we are excited to tell you that after a long and accurate examination process; GMT was chosen to be the representative of Ripple in Israel.

GMT praised Ripple for its technology, seeking help for its affordable and fast international money transfers, which is competing with SWIFT currently being used by banks globally.

As reported by Blockmanity, Ripple’s partner in UAE Finablr also recently announced that they will launch cross-border remittance solution in Q1 of 2019.

Blockmanity’s Take

Ripple has partnered with another major institution. It’s almost every month that they get a big player to collaborate. Other Blockchain companies might take note of this.

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