CONNECT WITH US
Fintech

Fintech

Ripple and Water.org Reach One Million People, Deepen Partnership to Drive Global Access to Safe Water

Global Fintech Series logo

Published on

Add as a preferred source on Google
Ripple and Water.org Reach One Million People, Deepen Partnership to Drive Global Access to Safe Water

Ripple, the leading provider of blockchain solutions across traditional and digital finance, announced an expanded partnership with Water.org, the nonprofit co-founded by Gary White and Matt Damon that has helped more than 95 million people gain access to safe water or sanitation worldwide. Building on more than a year of collaboration, Water.org is expanding its use of Ripple’s infrastructure across payments, stablecoins and custody to move and manage capital more efficiently across its global operations.

Read More on Fintech : Global Fintech Interview with Shai Gabay, CEO at Trustmi

The partnership leverages Ripple’s payments, stablecoin and digital asset infrastructure to help Water.org move funding faster, reduce costs, and scale access to water and sanitation financing while bringing global humanitarian aid where it’s most needed. Ripple Payments enables faster, lower-cost cross-border flows to Water.org’s network of local financial institution partners; Ripple USD (RLUSD), Ripple’s US dollar-backed stablecoin, provides a digital settlement layer for more efficient WaterCredit disbursements; and Water.org will now use Ripple’s Wallet-as-a-Service technology to securely manage digital assets, simplifying operations as these programs scale into new markets.

org reach more than 1 million people with access to safe water or sanitation financing across Latin America. 2 million moved across four markets, settlement times dropped from two to three days to same-day in Mexico and Brazil, payment processing is now available 24/7/365 rather than subject to a single daily banking cutoff. Transaction fees have also dropped by up to 66 percent, meaning more of every dollar reaches borrowers rather than being absorbed by fees.


Source link
Related Topics:Fintech

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.