Confirmed: 19 Companies Using XRP to Power Cross-Border Payments – The Ripple Effect
A total of 19 companies now say they’re either using or plan to implement XRP to power cross-border payments.
Ripple has confirmed that four crypto exchanges are on board with the company’s XRP-based payment solution xRapid: Bittrex, Coins.ph, Bitso and Bitstamp. The exchanges will help banks and financial institutions move fiat across borders, using XRP as a bridge currency.
The latest company to announce XRP integration for payments is enterprise blockchain software firm R3, which will utilize XRP as the first crypto payment rail on its new international settlement platform.
- Euro Exim Bank
- Mercury FX
- SBI Virtual Currencies
- Arrington Capital