Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • Email Alerts
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • Email Alerts
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Confirmed: Ripple Now Has 7 Partners Ready to Use XRP-Powered Payment Solution xRapid

by Daily Hodl Staff
September 24, 2018
in Altcoins

The number of companies ready to fully implement Ripple’s XRP-powered payment product xRapid is growing.

Ripple created xRapid to give financial institutions a real-time settlement solution that utilizes XRP to increase the speed and liquidity of cross-border payments.

Chris Larsen, one of Ripple’s co-founders, recently described exactly how the technology can be utilized, using a cross-border payment from the US to Mexico as an example.

7 Ripple Partners Ready to Use xRapid

Crypto exchanges Bittrex, Bitso and Coins.ph are the latest partners that will use xRapid to send instant cross-border payments with low fees.

London-based Mercury FX is also on board, after recently completing a pilot test and calling the raw speed of xRapid “unbelieveable.”

In Q1, along with other xRapid pilots customers, we have proved that #xRapid can lower liquidity costs & increase payment speed and transparency using #XRP. We are looking forward to continued successful testing and going into production.https://t.co/hlYDcFyG7o

— Mercury-fx Ltd (@mercury_fx_ltd) April 26, 2018

SBI’s new crypto exchange, SBI Virtual Currencies, is also planning on joining xRapid to help financial institutions send cross border payments.

Cuallix, a company that operates in the US, Mexico and Hong Kong, and offers the unbanked a way to make international payments, is also preparing to go into production. Last but not least, Canadian cross-border payments company Zip Remit, a long-time backer of XRP, is on board as well.

In addition to the seven companies above, a number of additional companies are officially piloting xRapid, including IDT corporation, MoneyGram and Cambridge Global Payments.

Western Union recently announced that its pilot of xRapid did not save the company time or money. Ripple says the results show smaller financial institutions and startups are more likely to initially see significant savings with the technology.

Sagar Sarbhai, Ripple’s head of regulatory relations for Asia-Pacific and the Middle East, recently said the company is gearing up for xRapid’s official launch in about a month.

[the_ad id="42537"] [the_ad id="42536"]
 
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.
Submit a Press Release

Industry Announcements

  • Oracle Red Bull Racing To Unveil 2022 NFT Collection at the Monaco Grand Prix, Powered by Tezos and Bybit
    May 27, 2022
  • Ankr Partners With Pocket Network To Propel Web 3.0 Into a New Era of Truly Decentralized Infrastructure
    May 26, 2022
  • Kriptomat Makes Automated Trading Available to All
    May 24, 2022
  • Spritz Finance Raises $2.5 Million in Pre-Seed Funding
    May 24, 2022
  • Bored.Ai Opens Text2Art Minting for the First Time
    May 24, 2022
  • Nitro League Releases Updated Roadmap To Launch Its Racing Metaverse
    May 24, 2022
  • Crypto Derivative Traders Can Access TradingView With Broker Eightcap
    May 24, 2022
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$29,052.00
$29,052.00
0.88%
Ethereum
$1,793.59
$1,793.59
2.73%
Cardano
$0.466568
$0.466568
0.93%
XRP
$0.38664
$0.38664
0.08%
Dogecoin
$0.082079
$0.082079
0.76%

Spotlight

  • Here’s When Bitcoin (BTC) Could Carve a Bottom Based on Historical Data, According to Crypto Analyst
    May 22, 2022
  • Top Trader Says One Under-the-Radar Altcoin Set To Emerge As Winner of Terra (LUNA) Collapse
    May 25, 2022
  • Billionaire Tim Draper Doubles Down on $250,000 Bitcoin Prediction – Here’s His Timeline
    May 27, 2022
  • CFTC Charges Illinois and Oregon Residents in Alleged $44,000,000 Crypto Ponzi Scheme
    May 23, 2022

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2022 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • Email Alerts
  • DAILY HODL MIX

© 2022 The Daily Hodl