Ripple's partnership with Eastnets draws attention due to its strategic significance for financial technologies. Researcher SMQKE emphasizes that this collaboration is underrated, especially considering Eastnets' influence.
Strategic Importance of the Partnership
Eastnets is key to the international financial infrastructure, providing services such as compliance, SWIFT connectivity, and ISO 20022 migration. According to SMQKE, this partnership gives Ripple access to a network of over 800 institutions, including 15 of the world's top 50 banks.
Integration of Ripple into the PaymentSafe Platform
Ripple is integrated into Eastnets' PaymentSafe platform, which serves as a unified payment system for managing domestic and international payments. This integration allows Ripple to be part of the transaction infrastructure using modern messaging formats like ISO 20022.
Regulatory and Strategic Influence
Eastnets is actively involved in global initiatives such as engagement with the World Economic Forum and the founding of the International Association for Trusted Blockchain Applications. This provides Ripple indirect access to high-level forums and the opportunity to influence blockchain standards.
The partnership between Ripple and Eastnets has significant implications for both companies' roles in the global financial system, providing access to a wide range of financial institutions and helping to shape the future of digital finance.
