Luxembourg converged ICT and telecom service Telindus has announced its integration into the Ripple network in an attempt to facilitate a cross-border settlement for financial institutions.

In the framework of its integration into the Ripple network, consisting of Trusted Validator Nodes or distributed servers which accept and process transactions, Telindus will implement a global shared ledger for an easier cross-border settlement for financial institutions with XRP as the native digital asset.

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.

Various 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.