In collaboration with blockchain, Ripple, the crypto service provider, has announced a partnership with FINCI’s online money transfer company in Lithuania.

The duo will partner to facilitate business-to-business payments through RippleNet, a service that leverages XRP as a crypto asset for cross-border payments.

As this reality dawns, the partnership will open new markets for Ripple because FINCI has prestigiously become the company’s first partner in Lithuania. It means crypto-enabled clients from FINCI will now be able to make fast and efficient payments between Europe and Mexico. Lithuania is one of the fastest-growing fintech markets in Europe.

The Chief Executive Officer of FINCI, Mihails Kuznecovs, prides on this new venture of moving money worldwide while also removing hidden inefficiencies in international payments. Furthermore, Kuznecovs believes the savings and operational improvements of Ripple’s ODL will let FINCI put money back into the business and thus improving its operations.

Ripple’s European managing director, Sendi Young, explains how ODL service makes international services more efficient. ODL taps into global crypto liquidity to counter traditional slow and complex international payments.

Despite the lingering legal conflict between Ripple and the United States Securities and Exchange Commission, the Blockchain company continues to make progress outside the USA.

As Ripple reports, Europe has specially cut the most in-demand market for its products. Adding to the fact that the UK treasury has decided to regulate stablecoins as a legal tender, the push becomes evident. Sendi Young promised more partnership announcements after FINCI for a crypto-enabled future.

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