InstaReM and BeeTech decided to partner so as to use Ripple’s blockchain network to allow customers use the Riplpe’s platform across multiple markets. InstaReM is a company located in Singapore that offers digital cross-border money transfers, and BeeTech is an important enterprise locate in Sao Paulo that provides payment services to South America.
Ripplenet Expands in Asia and South America
At the moment, InstaReM is offering payments to more than 55 different countries all over the world. With this new partnership with BeeTech, customers are able to send real-time payments into South America. 
Ripple is an important virtual currency that is used by financial institutions to process cross-border payments. Ripple products have also been embraced by several governments around the world and more than a dozen central banks are working with Ripple.
The main advantages of using this network is that it is possible to make real-time and low-cost payments. The traditional system used by banks and financial companies are not effective and are very expensive compared to the wide variety of products that Rpple offers.
About this, Prajit Nanu, co-founder and CEO of InstaReM, explained:
“We are very excited to partner with Brazil’s BeeTech over RippleNet. The connectivity that Ripple’s innovative blockchain network provides will allow us to offer our customers – including corporates and small businesses – quick, hassle-free payments into BeeTech’s markets.”
BeeTech has also shown its support to this new partnership saying that using Ripple-powered payments customers will now be able to be connected with more markets around the world.
“This partnership is fantastic news for our business customers, who will benefit from Ripple-powered payments into InstaReM’s Southeast Asian markets and beyond. This partnership on RippleNet provides our customers a one-stop shop experience, including the ability to send payments and access new suppliers across more than 60 markets through xVia – a simple API connection.”
Banco Santander, an important Spanish banking group with presence in Europe and Latin America, has been working with Ripple payments in the last two years with incredible results. Now, the official demo of a Ripple-powered Santander One Pay F mobile app transaction, has been unveiled.
