Ripple Expands Business in South America with Chilean Remittance Company Currency Bird

The money transfer company Currency Bird became the first company in Chile to join RippleNet. Currency Bird will leverage Ripple's technology to provide cross-border payment services to more than 200 banks and financial institutions. The company said its partnership with Ripple will allow it to add new payment routes and increase the speed and cost of international remittances. Currency Bird has not disclosed which Ripple payment solution it is using, but is likely to use the company's payment messaging system xCurrent.