Amazon Web Services (AWS) has officially listed Ripple Labs Inc as a verified partner, integrating RippleNet for real-time payments and cross-border transfers. This collaboration allows financial institutions to leverage Ripple’s suite of products, including xCurrent, xRapid, and xVia, directly through AWS's cloud infrastructure. The integration aims to streamline international transactions, making them faster and more cost-effective.
The announcement comes as Amazon's stock price surged by 10%, buoyed by strong quarterly earnings. This partnership underscores AWS's growing influence in the financial technology sector, providing enhanced tools for global financial operations.
AWS Partners with Ripple to Enhance Cross-Border Payments
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