There has been so much hype around Paypal and if they will use XRP or even team with Ripple. I mean why wouldn’t they? Why wouldn’t every payment company out there team up with Ripple and utilize XRP for cross-border payments. The savings that we have seen from the use of XRP is insane. It’s just a matter of time before Paypal comes out with there Press Releases that drops the bomb on the world. But as of now, Paypal’s services are teaming up with companies such as EarthPort to leverage Ripples technology and Paypal is not too far behind.
In our latest find, we discover 2 PayPal services which are going to utilize Ripples Technology: HyperWallet and Xoom. HyperWallet (a paypal service) has teamed up with Earthport to enhance Cross-Border payment services. We have covered over and over again about how Eathport is going to play a massive role in getting the world powered by Ripple. Xoom (a paypal service) has teamed up with Earthport as well to power their electronic remittance channels.
Taken Directly from Earthport Payments Service for Money Transfer Companies PDF
Look at the clients that Earthport servers. Do any of these names look familiar? Viamericas we know is a Ripple partner and will be using XRP. Xoom is a paypal service which will be powered by Earthport through the ILP which uses XRP. Western Union…hmm did WU say they didn’t find any kind of cost savings using Xrapid? Azimo is an online remittance service based out of Londo leverage the IPL to power cross border payments into Africa.
Xoom has been an Earthport partner for quite some time now. Xoom CEO talked about what as achieved from the Earthpport partnership and he said: “Earthport presents a big opportunity to the industry to provide customers with better, alternative payment products.” “Earthport presents a big opportunity to the industry to provide customers with better, alternative payment products.”
Now let’s take a look at HyperWallet, another Paypal Service. Hyperwallet teamed up with Earthport all the way back in 2013! Hyperwallet leverages Earthport’s international payments infrastructure to deliver more competitive cross-border payments services to corporate customers. The CEO of hyperwallt states: “Adopting Earthport enables hyperWALLET to route cross-border payments more efficiently resulting in faster payment processing and improved customer service. Corporate customers will be able to benefit from a more cost-efficient, predictable and transparent service, with advance disclosure of payment settlement dates and all fees involved. Since the launch of the new service, hyperWALLET has already started to expand its payments network, unveiling new country routes to customers as part of a phased plan.”