xRapid Is Powering 20 Financial Institutions At present

The ripple based xRapid has made public that 20 financial institutions are employing the tech, particularly in on cross-border remittances. The global head of banking at Ripple, Marjan Delatinne explained, “xRapid went live last October, so it’s a very new product, but we have more than 20 financial institutions using it. So there is still a lot of education, but what is apparent with the regional banks and also the payment service providers is that they are hungry for change and for having a competitive edge.”

Leave a Reply

Your email address will not be published. Required fields are marked *