Ripple update: CIMB Group Joins RippleNet to Power Instant Payments Across ASEAN
” [CIMB Group](https://www.cimb.com/en/index.html) (CIMB or the Group), ASEAN’s fifth largest bank, and Ripple have entered into a strategic collaboration to enable instant cross-border payments across CIMB’s markets. On the back of this partnership, CIMB will join [RippleNet](https://ripple.com/ripplenet/) and connect with other Ripple customers — more than a hundred financial institutions worldwide — a move that will allow CIMB to more quickly grow its global payments business. “
About Ripple (XRP)
Ripple connects banks, payment providers and digital asset exchanges via RippleNet to provide one frictionless experience to send money globally. Banks and payment providers can use the digital asset XRP to further reduce their costs and access new markets. XRP is the fastest and most scalable digital asset today.
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