By
Chimamanda U. Martha
April 26th, 2024
Despite the challenges, Ripple’s commitment to its core values has remained unwavering. The company’s dedication to simplifying international payments for everyone has been a driving force behind its success.
Ripple, a blockchain payment infrastructure provider, has been honored with the 2024 Award for Best Cross-Border Payment Platform in the FinTech Breakthrough Award Program.
The award, presented in the business-to-business (B2B) category, recognized Ripple’s commitment to facilitating cross-border payments using the XRP token since its inception in 2012.
Ripple Honored with Prestigious Awards
Sharing the good news on Twitter (now X), the company said it also won the best decentralized finance (DeFi) platform for the FinTech Breakthrough Award 2024, solidifying its position as a key player in the crypto industry.
We’re excited to share that we are FinTech Breakthrough Award Winners for 2024 for Best Cross-Border Payments Platform and Best DeFi Infrastructure Platform! 👏
Thank you, @Fintech_Awards, for the recognition! 💫https://t.co/lGliRCp00V pic.twitter.com/5xAdiRoiXm
— Ripple (@Ripple) March 18, 2024
Under the leadership of Brad Garlinghouse, Ripple provides enterprise-grade payment solutions that enable businesses to leverage blockchain for cheaper, faster, and more efficient cross-border payments.
Winning the best cross-border payment award in the just concluded FinTech Breakthrough highlights the company’s dedication to its core value of simplifying international payments for everyone. The accolades come at a crucial time for Ripple as it continues to face legal challenges from the US Securities and Exchange Commission (SEC).
Despite the challenges, Ripple’s commitment to its core values has remained unwavering. The company’s dedication to simplifying international payments for everyone has been a driving force behind its success.
This commitment has also been recognized outside the crypto sphere, with Ripple being named one of People’s Magazine’s “100 Companies Who Care For Employees And Society” and ranking 13th on Fortune Magazine’s list of “the best workplaces in technology” for 2023.
Ripple’s excellence in the crypto sector was further validated by its receipt of the PAY360 Award in the United Kingdom last year. These accolades underscore Ripple’s position as a leader in the fintech industry and a pioneer in cross-border payments.
Expanding Horizons with Strategic Partnerships
In addition to its accolades, Ripple has strategically partnered with other enterprises to expand its business offerings. The company has extended its reach beyond the United States into Europe through two significant collaborations.
Last year, Ripple joined forces with Lemonway, a French-based payment provider for online marketplaces, demonstrating its commitment to enhancing digital payment solutions.
Additionally, the blockchain enterprise partnered with Xbaht, one of Sweden’s leading money transfer providers, to expand its global presence and services further.
In February 2024, the company completed the acquisition of the Standard Custody & Trust Company, a digital assets custody firm. This strategic move aims to broaden the company’s range of services and incorporate various financial products into its offerings.