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Cross-border payments startup and RippleNet member Nium says it’s partnering with Visa.

The company will give its users in Southeast Asia the ability to make real-time transfers to Visa debit card holders, according to a press release.

Payments from Nium will be routed through Visa Direct, a push payment solution that lets Visa debit card owners send and receive instant remittances using their Visa debit card number.

Visa says any funds sent through Visa Direct are approved in 30 minutes or less.

Nium, formerly known as InstaReM, joined RippleNet in February of 2018 and is using the company’s XRP-powered cross-border payments platform, On-Demand Liquidity (ODL).

The company was one of the first to use ODL to settle transactions from the US dollar to the Mexican peso.

According to TechCrunch, Nium raised $41 million back in March from several investment firms, including Ripple.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

(Excerpt) Read more Here | 2019-11-13 09:30:59


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