US blockchain firm Ripple has announced an expansion of its partnership with Singapore-based payments company Thunes, building on their initial 2020 collaboration. The alliance aims to strengthen international money transfers by combining Ripple’s blockchain solutions with Thunes’ extensive payout network.The initiative targets more than 90 global markets, addressing the rising demand for faster, low-cost cross-border payments across both developed and emerging economies.
Expanding Reach in Global Payments
Thunes operates its proprietary “Smart Superhighway,” which connects banks, wallets, and card providers worldwide. By extending its partnership with Ripple, the company aims to enhance liquidity management and settlement efficiency. Despite advancements in fintech, international transfers remain fragmented, with high costs particularly in regions lacking robust banking systems.
Ripple and Thunes plan to simplify these challenges by merging Ripple’s blockchain-powered payment platform with Thunes’ Direct Global Network. Ripple’s payment system has already processed more than $70 billion in transaction volume, emphasizing speed, transparency, and compliance.
Integration With SmartX Treasury System
A cornerstone of the partnership is Ripple’s integration with Thunes’ SmartX Treasury System, designed to manage liquidity flows across its network. This allows payouts in local currencies, which is critical in markets where mobile wallets dominate access to financial services. Popular platforms such as M-Pesa, GCash, and WeChat Pay remain essential in regions with limited banking infrastructure, making Ripple’s blockchain integration a key enabler.
Ripple continues to highlight compliance as a differentiator in the blockchain sector. The company publishes proof-of-reserves reports and conducts independent audits to counter concerns about inflated trading volumes in digital asset markets.
A Global Network Expanding Access
Thunes currently connects over 130 countries, 80+ currencies, 3 billion mobile wallets, and 4 billion bank accounts. Its platform allows businesses and consumers to instantly send and receive cross-border payments using various methods, from bank accounts to digital wallets.
The strengthened partnership reflects a broader trend of merging blockchain technology with traditional financial frameworks. For businesses, it may reduce transaction costs and improve settlement times, while consumers could benefit from greater access to financial services worldwide.
As the global payments industry continues to evolve, Ripple and Thunes’ expanded collaboration underscores how blockchain is moving beyond experimentation into large-scale real-world applications.
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