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Confirmed: 10 Companies Using and Testing Ripple’s xRapid to Power Payments With XRP

by Daily Hodl Staff
June 24, 2018
in Altcoins

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

• MoneyGram

• Currencies Direct

• Mercury FX

• Western Union

• IDT

• Cambridge Global Payments

• Viamericas

Companies Using xRapid

• SBI Virtual Currencies

• Cuallix

• Zip Remit

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.

Check Latest News Headlines


 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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