- Ripple is working to revolutionize the global financial system.
- “Crypto exchanges Bittrex, Bitso, Coins.ph and Bitstamp will use the software solution to boost payments…”
Ripple is among the many blockchain companies that are working to revolutionize the global financial system. For Ripple this starts by ensuring that there is a cost effective method for cross-border transfers as well as other micro-payments. For this reason, the company launched the xRapid payment solution in the last quarter of 2018.
A recent report has shown that the XRP-based solution is steadily gaining traction with at least 12 partners already registered to either plan to integrate xRapid or have already finished with the integration. Some of these companies according to The Daily Hodl include “crypto exchanges Bittrex, Bitso, Coins.ph and Bitstamp will use the software solution to boost payments between the US and the Philippines, and the US and Mexico.”
During the launch last year, the company said that Cuallix, Mercury FX as well as Catalyst Corporate Federal Credit Union had already committed to implement xRapid; a payment solution that was going to be used to increase customer satisfaction by ensuring almost instant international fund transfers. In addition to those, SBU Virtual currencies, IDT, Viamerica, Send Friend and Butrue have commuted the integration of xRapid.
Elsewhere in the market:
Cryptocurrency market update: Crypto task force announced by New York lawmaker
Bitcoin price rejected at $3,900; will the 50 SMA hold?
Get 24/7 Crypto updates in our social media channels: Give us a follow at @FXSCrypto and our FXStreet Crypto Trading Telegram channel