#Ripple Reveals Another Global Financial Institution Using #XRP-Powered #xRapid
- EthereumWorldNews
- Oct 18, 2018
- 2 min read
Ripple is building on its success and consolidating itself as the “bridge” between the blockchain ecosystem and traditional fiat money based payment processors.
During the Swell Conference, after announcing the public release of xRapid, the Ripple team commented that there were already three important global payment processors already making real use of this technology. Such news represents a real case of global adoption, and now acquires much more importance as Ripple perhaps in a more discreet way revealed a new company that joins this list: Viamericas.According to its website, Viamericas is a “licensed money transmitter offering international money transfer, bill payment, check processing and top-up services at thousands of agent locations across the United States, and over 76,000 locations in 29 countries for cash payout or direct deposits to bank accounts”.Thanks to this new business partnership, Ripple consolidates itself as a much more prestigious option than any other competitor with similar characteristics.
About Ripple's (XRP): Built for enterprise use, XRP offers banks and payment providers a reliable, on-demand option to source liquidity for cross-border payments. Using XRP, banks can source liquidity on demand in real time without having to pre-fund nostro accounts. Payment Providers use XRP to expand reach into new markets, lower foreign exchange costs and provide faster payment settlement. XRP consistently handles 1,500 transactions per second, 24x7, and can scale to handle the same throughput as Visa. XRP's five-year track record of stable technology and governance makes it ready for institutional and enterprise use.
Ripple’s (XRP) can be bought with fiat dollars, debit and credit cards on cryptocurrency exchanges such as CEX.io and Changelly.com and it can be bought with cryptocurrency on exchanges such as CoinEx, Binance, and HitBTC.
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