Earthport , a cross - border payment service provider , has announced that it has enhanced its cross - border payment service , and will now offer customers the ability to make " instant payments " ; it has partnered with blockchain technology firm Ripple Labs in order to make this possible . In addition to offering innovative new capabilities in cross - border payments , this development might have further implications , as this article suggests : " The legitimizing effect of getting the stamp of approval from an already respected player like Earthport might be the start of the distributed ledger ( blockchain ) living up to its positive potential . "
Earthport, a cross-border payments service provider, has announced that it has enhanced its cross-border payment service, and can now offer customers the ability to make "instant payments"; Earthport has partnered with blockchain technology company Ripple Labs in order to make this possible. In addition to offering innovative new capabilities in cross-border payments, this development might have further implications, as this article suggests: "The legitimizing effect of getting the stamp of approval from an already respected player like Earthport might be the start of the distributed ledger (blockchain) living up to its positive potential."