Ripple is continuing to add new clients to its distributed ledger-based payments network, RippleNet.

Announced yesterday, two international money transfer companies – Singapore-based InstaReM and Sao Paulo, Brazil-based BeeTech – have partnered to allow customers to benefit from Ripple's product, which they say offers speed, transparency and lower costs.

The collaboration will facilitate blockchain-based payments between Latin America and a number of countries currently served by InstaReM, including markets in Southeast Asia and Europe.