Malaysian FinTech Start-up MoneyMatch has begun sending money in Spain using the ripple international money transfer system, xVia.
Xvia is an API solution that enables you to connect to an international remittance network using the ripple system. Companies, remittance agencies, and banks can make international remittances smoothly via XVIA. You can check the remittance information immediately or attach the remittance related information such as an invoice.
Money Match says it is pleased to be able to transfer money from Malaysia to Europe by adding block chain innovations to traditional Malaysian financing. Money Match has succeeded in exchanging ringgit in Malaysian legal currency with euro and sending it to Spain by adopting X-Via technology which can take advantage of ripple and ripple and make international money transfer quickly. The international transfer using the existing Swift completed a few days in a matter of hours. After the transfer to Spain, they sent money from Malaysia to Germany, Latvia and Ireland.
Of course, this is not the first time that we have adopted ripple vias. Recently, PinTech startup Plato, based in London, UK, also announced a partnership.