WorldLink is working with the XRP Ledger, a blockchain based enabler of cross-border financial settlement solutions. The partnership will ensure that the validity of transactions on the open source network will contribute to the robustness and long-term health of the future of payments network.
FRISCO,TEXAS - Today we are excited to announce that WorldLink is working with XRP Ledger, the global leader in financial settlement solutions, to operate a validator on the open-source XRP Ledger. As a steward in the network's development, Ripple describes the XRP Ledger as "an enterprise, shared public ledger blockchain supporting the institutional use case of cross-border payments, particularly for banks and payments providers around the world who need more efficient liquidity and greater access to emerging markets."
WorldLink's validator will ensure the validity of transactions on the XRP Ledger and contribute to the robustness and long-term health of the network. The XRP Ledger has expanded to 55 validator nodes within its ecosystem, signaling growing strength and decentralization of its network and further mitigating the risk of a single point of failure. In addition to WorldLink, companies such as Microsoft, Massachusetts Institute of Technology (MIT) and CGI are also validating transactions on the XRP Ledger.
"Validators on the XRP Ledger comprise the world's top enterprise-hosting providers and leading technology companies. We welcome the support of companies like WorldLink, who are responsible for diversifying and securing the XRP Ledger. A 120% increase in the number of validator nodes on the network since May indicates the broad and growing adoption of the XRP Ledger." - Stefan Thomas, CTO at Ripple
Mathew Pulickel, SVP of Emerging Technology at WorldLink, said: "We believe the XRP Ledger network will revolutionize commerce in the future and the way our customers do business. That's why we have chosen to run a validator node on the open source. In the same way that communication and document sharing dramatically improved with email, the XRP Ledger will have an equally impactful effect on the time and cost associated with cross-border payments."
Ripple is changing the nature of how payments are done
Ripple provides global financial settlement solutions to enable the world to exchange value like it already exchanges information – giving rise to an Internet of Value (IoV). Ripple solutions lower the total cost of settlement by enabling banks to transact directly, instantly and with certainty of settlement. Banks around the world are partnering with Ripple to improve their cross-border payment offerings, and to join the growing, global network of financial institutions and market makers laying the foundation for the Internet of Value.
WorldLink is a Technology Services Firm with offerings in Emerging Technology Consultancy, Talent Management and Managed Services. The Emerging Technology department helps clients evolve into a Data-Driven enterprise and assists companies through their Cloud adoption journey. Firms around the world are using WorldLink as a strategic partner in adopting forward-looking technologies to drive business value. The company is based in Frisco, Texas and has employees in over 30 US states and Korea.