according to the website - By Times Tabloid
Crypto researcher SMQKE emphasized the strategic importance of Ripple's partnership with Eastnets, calling it significantly undervalued given Eastnets' scale and influence on global financial infrastructure.
According to SMQKE, Eastnets is deeply integrated into the structure of international financial systems, providing critically important services such as compliance assurance, connection to SWIFT, and the transition to ISO 20022 in a network that encompasses some of the world's most influential financial institutions.
Eastnets is a global provider of compliance and payment solutions in the financial services sector. With over forty years of experience, the company facilitates participation in the global financial system for more than 800 organizations, including 15 of the 50 largest banks in the world and 22 central banks.
Moreover, over 270 banks and corporations trust Eastnets for outsourcing solutions for SWIFT connectivity and compliance assurance. These figures alone reflect the scale and reach of the company's activities and influence.
In a tweet, SMQKE highlights that Ripple is integrated into Eastnets' PaymentSafe platform as a distributed ledger technology (DLT) platform. This platform serves as a single payment hub for managing domestic and international payments.
According to a presentation slide published in the tweet, PaymentSafe supports various message formats, including ISO 20022, and provides integration with back-office systems and real-time message transformation. The DLT integration includes Ripple, indicating the active use of Ripple technology within Eastnets' broader transactional infrastructure.
This integration is not only a technical detail but also a strategic interaction that provides Ripple direct access to high-revenue systems used by Eastnets' clients, including central banks and tier-one financial institutions. By participating in this platform, Ripple technology becomes accessible to an extensive ecosystem of banks already interacting with Eastnets.
Eastnet's involvement in global regulatory and strategic initiatives further enhances the significance of this partnership. The company makes a strategic contribution to the World Economic Forum, participating in the global dialogue on financial policy.
The company is also a founding member of the International Association for Trusted Blockchain Applications (INATBA), contributing to global efforts to standardize blockchain technologies and facilitate the convergence of regulatory frameworks.
Through this partnership, Ripple gains indirect participation in these high-level forums and working groups, which could potentially influence the development of policies and standards in the blockchain space globally.
Eastnet's services are also closely linked to evolving regulatory requirements and innovations, particularly in secure messaging standards such as ISO 20022, where the company plays a leading role in supporting migration and implementation.
SMQKE asserts that this partnership provides Ripple direct access to global financial infrastructure. Through Eastnets, Ripple's technologies interact with SWIFT systems, ISO 20022 standards, and compliance architecture used by hundreds of organizations worldwide. With Eastnets' extensive institutional connections, this reach also extends to central banks and decision-making bodies.
This collaboration indirectly strengthens Ripple's role in shaping the future of digital finance. In particular, Eastnets counts among its clients companies like American Express, FBN Bank UK, and Mastercard, some of which are also connected to a broader range of Ripple's corporate offerings. This interaction aligns with Ripple's long-standing goal of becoming the foundational infrastructure for cross-border payments and the integration of digital assets.
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