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- Ripple’s partnership with Eastnets connects it to global financial infrastructure, banks, and regulators.
- The collaboration offers Ripple exposure to key global policy discussions and blockchain standardization efforts.
Ripple, known for its blockchain-based payment solutions, has maintained a significant alliance with Eastnets, a global payment and compliance solution provider to the financial sector. According to crypto commentator SMQKE, this partnership has been highly underestimated, considering Eastnets’ penetration within the global financial ecosystem.
Eastnets provides essential services, which include compliance, connections to SWIFT, and conversion to ISO 20022, to a large group of financial institutions. The company has been active for over four decades and currently services over 800 entities worldwide, including many of the largest and central banks.
Through the integration of Ripple’s technology into Eastnets’ PaymentSafe platform, Ripple has a central hub for domestic and cross-border payments. The platform supports various types of messages and real-time back-office connections, placing Ripple’s technology in the fundamental infrastructure of the international financial system.
The partnership effectively brings Ripple’s technology to a large ecosystem of financial institutions currently using Eastnets.
Ripple’s Role in the Global Financial
Eastnets’ credentials as a provider of core financial infrastructure further enhance the strategic importance of Ripple’s relationship. As Eastnets provides more than 270 banks and businesses with outsourced connections and compliance to SWIFT and PaymentSafe, the inclusion of Ripple within Eastnets’ PaymentSafe platform makes the technology from Ripple a component of an enterprise-class, secure, and internationally accepted system.
Through the collaboration, Eastnets’ platform incorporates Ripple’s distributed ledger technology (DLT), so that Ripple’s blockchain technology forms an integral component of the payment infrastructure utilized by major financial institutions.
Technology integration is essential to Ripple, since this positions the company on equal footing with global payment infrastructure like SWIFT, ISO 20022, and regulatory compliance infrastructure, and thus makes the firm more appealing to institutions that currently transact through Eastnets.
The move also strengthens Ripple’s position in the ongoing evolution of financial systems. With central banks, tier-one financial institutions, and regulatory bodies among Eastnets’ clients, Ripple gains an opportunity to directly engage with high-value systems that will shape the future of digital finance.
SMQKE highlights how Ripple’s participation in this platform aligns it with the financial industry’s most influential players.
Ripple Gains Regulatory Exposure
Aside from its technical inclusion, Eastnets plays a significant role in international financial policy, contributing indirectly to Ripple. The company is a Strategic Partner of the World Economic Forum and actively participates in global financial policy discussions.
Through this association, Ripple gains an opportunity to influence blockchain policies and standards at the international level.
Additionally, Eastnets was a co-founder of the International Association for Trusted Blockchain Applications (INATBA), where it engages in standardizing blockchain technologies and achieving regulatory convergence.
This involvement adds another dimension to Ripple’s experience in approaching regulation, and it enables Ripple to be actively involved in major global financial policy forums.
