Texas-based eZforex.com, Inc, a leading provider of foreign currency for travelers through financial institutions, has partnered with Star One Credit Union and blockchain technology provider Ripple, in order to offer the newest industry standard – International Blockchain Payments – for the US banking sector.
eZforex was able to deliver live payments to four continents on April 10, 2017 and is now taking a leap into the future by cooperating with Ripple to create the cross-border blockchain payments.
“The mainstreaming of blockchain Technology will change the cross-border payment landscape for banks and credit unions in the United States sooner than anyone predicted,” Jorge Jimenez, CEO of eZforex.com, noted.
According to Robert Crandall, former CEO of American Airlines, Inc. and an eZforex investor, with this major step, financial institutions, regardless of size can offer their customers access to the safest, lowest cost funds transfer technology.
The three partners are featuring their success story of launching the first blockchain payments in the USA at NACHA Payments in Austin.
“Our members are going to greatly benefit from the speed, high security, and low prices that blockchain technology provides for our international remittances,” Lynn Brubaker, Star One Credit Union’s VP Deposit Services, stated.
