Ripple surprisingly reveals new financial institution using xRapid and XRP for transfers

Ripple’s software solutions xCurrent and xRapid are finding more and more customers all over the world. In a summary Ripple unveiled another partner that relies on xRapid and its advantages. Furthermore, another large payment service provider joined RippleNet yesterday.

Ripple’s list of partners is long, but so far there have only been 3 companies officially known to use xRapid. In a new overview of the software and its potential, the company was surprisingly named Viamericas:

Global payment providers such as Viamericas, Cuallix, IDT, MercuryFX and others use xRapid to significantly reduce their liquidity costs and send real-time payments – an industry first.

With xRapid, RippleNet customers have saved up to 70 percent of the typical cost of a transaction. XRP processing takes just three to five seconds.

Ripple introduced xRapid as a commercial product at the recent Swell 2018 crypto conference in San Francisco. Viamericas is one of the largest payment service providers in the United States with over 76,000 locations. The company is active in more than 29 countries.


Where and how to buy Ripple – XRP?


Independent of this, another heavyweight of the financial industry joined RippleNet yesterday. MoneynetInt joined the network to take advantage of the opportunities and potential of blockchain technology.

The company sees this step as an enrichment for its customers, as both costs and transaction times can be reduced.
For Moneynetint, collaboration is a major step in the ability to offer its customers advanced services by opening up additional corridors and opportunities that were not available in the past or for which they did not have a reliable or cheap solution. Commitment to a broader customer base while minimizing risk is an important step.

Moneynetint is a UK payment service provider that offers both individuals and businesses the opportunity to send money around the world at low cost.

The RippleNet continues to grow and clearly shows that more and more companies have recognised the need to throw old traditional technologies out of the window and try the blockchain as a promising new innovation.

We are curious to see what further developments can be observed in this field. XRP token price has recorded a minimal increase of +4.12 percent to a price of 0.4096 euros within the last 24 hours.

 

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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

Sarah Wurfel

Sarah Wurfel

Sarah Wurfel works as a social media editor for CaptainAltcoin and specializes in the production of videos and video reports. She studied media and communication informatics. Sarah has been a big fan of the revolutionary potential of crypto currencies for years and accordingly also concentrated on the areas of IT security and cryptography in her studies.

2 Comments
  1. What exactly is so “surprising” about revealing another institutional partnership? ??

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