RTGS.global Adds 23 Currencies to Instant Settlement Network
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RTGS.global, a SaaS platform that offers instant cross-border payments for banks, fintechs, and other payment service providers, announced earlier today, November 25, that it has added 23 cryptocurrencies to its global network.
The company allows banks and payment firms to connect via a single API to take the friction out of cross-border settlement, making international payments as fast as domestic ones. Fully operational and scalable, the network now supports instant settlements across 23 major cryptos, and counting.
Overcoming Major Industry Challenges
RTGS.global explained that its service addresses one of the most pressing challenges of the $18 trillion daily international settlement market, which has operated on a settlement system stuck in the past for years now.
According to estimates, $3 trillion to $5 trillion in payments every day continue to be exposed to Herstatt Risk, where one party may fail to pay the other, which can create delays, inefficiencies, and risks that have long hindered global money movement.
Seeking to overcome these challenges, the RTGS.global network aims to act as a messaging and orchestration layer, operating continuously and bypassing time zone cut-offs, correspondent chains, and traditional business hour restrictions, even in those markets that have historically been underserved or completely ignored by major banks.
RTGS.global Partners With TransferMate
This newest expansion comes after a strategic collaboration with embedded B2B payments infrastructure as a service, TransferMate. TransferMate is the world’s leading provider of embedded B2B payments infrastructure as a service, and it is a key strategic partner of RTGS.global, playing a vital role in powering this next phase of network expansion.
The service allows institutions participating in RTGS.global to access a wide selection of major currencies and local domestic rails using a single integration with RTGS.global’s API.
The partnership demonstrates how RTGS.global’s technology can integrate seamlessly with established global payment providers and deliver frictionless settlements in real-time and at scale, acting as a bridge between traditional banking systems and next-gen infrastructure.
Commenting on the move, RTGS.global’s CEO and Executive Chairman, Marcus Treacher, said: “Imagine the global flow of money as a vast network of highways. For decades, much of the world’s cross-border payments have been stuck in traffic – delayed, circuitous, and risky. We’ve now built the motorway, complete with all the major intersections and rules, so any bank or payment company can move money quickly, safely, and reliably.”
Treacher noted that this is proven in real-world use, and is ready to scale and bring a collective uplift for all players.
