Saturday, December 14, 2024

Lemonway: Leverages RippleNet to unlock instant payouts for marketplaces

  • Announced a partnership with Ripple, the enterprise blockchain solution for global payments, to enable instant, more transparent
  • Through RippleNet, Ripple’s global financial payments network Lemonway transform its euro-to-euro payouts
  • Lemonway’s robust payment processing platform trusted and used by over 1,400 marketplaces in Europe
  • Company finds it needs to increasingly manage large volumes of transactions across multiple merchants and regions across Europe
  • Creates complexity in managing finances and often leads to delays of up to one week for payouts and settlements
  • Partnership will see Lemonway improve its euro-to-euro payment corridors thanks to Nium’s global money transfer network

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