Confirmed: 10 Companies Using and Testing Ripple’s xRapid to Power Payments With XRP
Ripple has a long list of customers using its network, RippleNet. The current number stands at around 120 and includes Bank of America, Credit Agricole, Mizuho Financial Group and Santander.
A number of companies are also transferring XRP as part of their business model. But how many companies are explicitly using xRapid – the company’s real-time settlement platform that uses XRP to offer on-demand liquidity?
Here’s a breakdown of 10 companies that are confirmed to be either testing or have fully implemented xRapid.
Companies Testing xRapid
• IDT
Companies Using xRapid
• Cuallix
A more complete picture of the companies using xRapid could emerge in the coming months.
Ripple CEO Brad Garlinghouse says he believes dozens of banks will use its XRP-powered xRapid technology next year.
However, a new report from Reuters entitled “Banks unlikely to process payments with distributed ledgers for now, says Ripple” may call that into question.
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