InstaReM recognised as Blockchain Innovator at the Swell by Ripple Conference

· InstaReM, Southeast Asia’s leading digital money transfer company has been awarded the ‘Network Accelerator” award at Ripple’s first ever Blockchain Innovator Awards.

· The award was announced at Ripple’s Swell Conference last week with InstaReM triumphing due to the number of currencies for which its able to provide, making it a faster, more transparent payment experience.

· The award recognises InstaReM’s great work in utilising Ripple to open payment corridors including the one between Southeast Asia and Latin America with fellow Money Transfer Operator BeeTech.

InstaReM, Southeast Asia’s leading digital money transfer company has been awarded the “Network Accelerator” award at Ripple’s first-ever Blockchain Innovator awards. The award was presented at Ripple’s Swell Conference last week in San Francisco, where the former US President Bill Clinton was the keynote speaker at the Blockchain event.

Ripple’s Network Accelerator Award recognises the company that has brought the most matches onto its RippleNet. InstaReM has been able to provide transfers in a number of currencies and a faster & more transparent payment experience, which helped it clinch the prestigious award. RippleNet, Ripple’s decentralized global network of over a hundred financial services members is now live in over forty countries, spanning across six continents, with InstaReM being one of the key members with its significant presence across Asia-Pacific, Europe and North America.

The award signifies InstaReM’s contribution towards utilising RippleNet to open payment corridors, the first one initially opened was between Southeast Asia and Latin America with fellow Money Transfer Operator BeeTech. The two companies also shared a keynote at last week’s Swell Conference where InstaReM CEO Prajit Nanu and BeeTech CEO Fernando Pavani shared their experience in making payments live between Brazil and Europe – faster and cheaper than ever before.

InstaReM’s Indian-born co-founder and CEO Prajit Nanu InstaReM Said,“We’re delighted to be recognised as a Blockchain innovator and are humbled with this award by Ripple. The award is a great recognition of the hard work InstaReM has put in alongside Ripple and its partners to revolutionise the cross-border payments industry.”