$ 50,588
$ 2,320.6
$ 235.93
okex ads

Ripple not Involved in Samsung-Finablr Deal

Samsung Electronics America recently collaborated with fintech firm Finablr to launch a money transfer service via the Samsung Pay app. The feature is being powered by Finablr’s subsidiary Travelex.

Join the fastest growing network on Telegram

Finablr is one of Ripple’s partners, however, its deal with Samsung does not involve Ripple or XRP, a Finablr spokesperson said.

“The new in-app cross-border money transfer service, powered by Finablr company Travelex, does not involve Ripple or XRP solutions,” said the spokesperson, adding that it leverages Finablr’s technology and global reach to provide the service to Samsung Pay users.

The service allows U.S. Samsung Pay users to make payments to residents in 47 countries, using personal debit or credit cards linked to the app. 

“Our consumers are global and have friends and family around the world. Money Transfer is a first step in our vision to evolve Samsung Pay into a platform that makes users’ financial lives more convenient,” said Sang W. Ahn, vice president and division head of content and services at Samsung Electronics America.

Finablr said the service will be expanded to other countries in the next year. The fintech firm’s other two subsidiaries, Unimoni and UAE Exchange, have notably been using Ripple’s blockchain-based payments network, RippleNet, for cross-border remittances to Thailand since February.

About the author

A Nice Man

Related Posts

Leave a Reply


Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

Popular Posts

Cent Integrates Polygon Technology and Offers a More Sustainable Solution for Minting on the Blockchain
April 23, 2021By
Turkish cryptocurrency founder flees with reported $2 bn
April 23, 2021By
Founder of $8.4B Dogecoin sold everything in 2015 for ‘a used Honda Civic’
April 23, 2021By


Video Posts

Opportunities In Blockchain and Crypto Space
April 21, 20210
Blockchain-Based Solution For Security And Scalability For Any Business
April 9, 20210

Crypto Stats

CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin50,588 0.02 % 0.87 % 17.74 %
Ethereum2,320.6 0.08 % 3.06 % 4.29 %
Binance Coin520.96 0.44 % 4.85 % 1.98 %
Tether1.000 0.03 % 0.75 % 0.44 %
Polkadot43.88 0.58 % 0.43 % 36.39 %
Cardano1.170 0.33 % 9.70 % 17.48 %
XRP1.150 0.55 % 7.40 % 26.82 %
Uniswap32.53 0.17 % 0.52 % 10.23 %
Litecoin235.93 0.55 % 1.73 % 24.07 %
Chainlink34.17 0.16 % 4.24 % 18.08 %