Ripple team did a great job -
XRP Adoption Enhances As 27 Confirmed Companies Will Start Using Ripple’s Digital Asset – 13 Companies To Use xRapidMore than that, out of the 27 companies, a total of 13 firms are adopting Ripple’s payment software xRapid which is designed to use XRP to move money across borders.
Euro Exim Bank is the latest addition
The latest addition is Euro Exim Bank, which plans to use the technology to power payments across 80 countries. The back is really important because it highlighted that Ripple’s tech is the future.
Euro Exim Bank is the very first bank to use xRapid, and they’re proudly exploring the partnership with Ripple.
They joined RippleNet in order to provide clients with frictionless experiences to send cross-border payments.
“Operating collaboratively with Ripple and selected counterparts, we are implementing both xCurrent [payments processing solution] and xRapid [on-demand liquidity solution] building on its extensive technological capabilities and blockchain expertise in trading systems.”
13 companies are using xRapid
Here are the 13 companies that are using xRapid.
- Euro Exim Bank
- Bittrex
- Bitso
- Coins.ph
- Bitstamp
- Cuallix
- Mercury FX
- Catalyst
- SBI Virtual Currencies
- IDT
- Viamericas
- SendFriend
- Bitrue
Ripple launched xRapid for commercial production back in October 2018, and the company highlighted its use case as a regulatory complaint way to use crypto to send payments across borders.
At the moment about 200 banks and financial institution have joined RippleNet, and Brad Garlignhous predicts that more banks will use XRP shortly.
https://oracletimes.com/xrp-adoption-enhances-as-27-confirmed-companies-will-start-using-ripples-digital-asset-13-companies-to-use-xrapid/