Ripple Labs and Earthport Announce Global Partnership.
Ripple community Twitter recap.
The firm, which already has relationships with large global banks including Bank of America Merrill Lynch, HSBC, Standard Chartered, Japan Post Bank, has “many, many more in the pipeline,” Uberoi said.
McKinsey&Company estimates that annual global payments revenues will increase at a relatively stable rate of 6% during the next five years, exceeding US$2 trillion by 2023.
One of the major centers of growth has been the Asia Pacific region (APAC). In 2014, APAC generated US$75 billion in payments revenues and accounted for about 55% of the industry’s revenue growth worldwide.
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