Instantly move money to all corner of the world

A Wise Decision to Meet Peak Demands

In its eight years since launch, Ripple has grown from a little known cryptocurrency-based money-transfer platform into a service utilized by banks and financial institutions all over the world, including American Express, MoneyGram, PNC and Santander.

Such explosive growth pushed the capacity of Ripple's software development team to its limits. In order to meet this challenge, Ripple partnered with Moove It. We worked closely together to develop integrations for new cryptocurrency exchanges and to standardize automated testing across their organization.

The Challenge

A team from our Software Engineering Studio, who specialize in fintech, financial services, and systems integration, joined the Ripple software development team with the goal of addressing an urgent market demand to add Brazil as a money transfer destination.

Integrating a new destination into the Ripple network entails solving complex business and technology challenges. It includes searching for a good crypto exchange fit, performing a feasibility study to assess the gap between the exchange’s API and Ripple’s requirements, analyzing risks, going through a negotiation process with the crypto exchange, developing a systems integration plan, and if everything works out and lines up, developing the project.

Background

Ripple is a fintech company whose technology allows banks and financial institutions to make cross-border payments, source liquidity on-demand, and avoid pre-funding through XRP– a cryptocurrency created and utilized by the Ripple payment network.

In a nutshell, Ripple's end to end process of transferring money to and from any part of the world involves buying XRP in exchange for source currencies (e.g. US dollars) and then converting XRP into destination currencies (e.g. Mexican pesos) through local crypto exchanges. In order to expand to new markets, it is necessary to integrate the Ripple network into crypto exchanges in the destination country.

Testing Platform

Having worked effectively together in adding new money transfer destinations, Moove It’s QA Studio then started work on building a new testing platform, designed to standardize automated testing across the Ripple network.

The testing platform loads a Ripple network example in a testing environment that is utilized by the different services in order to test transactions and to verify that they process as expected.

Fast Integration

In six months, Moove It helped integrate three crypto exchanges into the Ripple network, covering Brazil (Modiax), the Philippines (coins.ph) and Australia (BTC Markets). Our work involved working with the client and its potential providers to:

Identify and document disparities between prospective APIs and the client’s needs
Gather and document system integration requirements
Develop the software components in order to fulfill the requirements
Create automated tests to verify that the new integration worked as expected

Why Moove It?

These are just a few examples of the benefits that we provide day in and day out to our customers.

Clients like Quantum, Land Id, and OneSignal praise us for our:

Consultative approach
Seamless integration into their internal teams and processes
Ability to understand and relate to their problems
Diverse talent pool and specialized teams
Capacity to reconcile existing systems with current industry technology standards
Strong and consistent commitment to quality