Telindus provides Managed Ripple Validator to facilitate cross-border settlement for Financial Institutions
Telindus is proud to announce its integration into the Ripple network consisting of many distributed servers, called Trusted Validator Nodes, which accept and process transactions. This way, a worldwide shared ledger - called XRP Ledger - is implemented, facilitating cross-border settlement for Financial Institutions with XRP as the native digital asset.
Client applications sign and send transactions to the Ripple network for processing. Examples of client applications include mobile and web wallets, gateways to financial institutions, and electronic trading platforms.
Telindus being an integrator, cloud and telecom operator as well as a Digital Finance Solution provider, has set up and is operating the Ripple Validator node within its cloud. Thereby Telindus enables Trusted Validator Nodes that contribute to the consensus process facilitating the real-time settlement of transactions between Financial Institutions on the RCL network.
Press release by Telindus