Ripple, a venture-backed startup behind XRP with offices in San Francisco, New York and Sydney, has already proved itself to be massively adopted among the financial and payment giants across the globe. With a view to bridge the gap between blockchain ecosystem and payment processors based on traditional fiat money, Ripple has gained popularity of its XRP token.
During the Swell Conference held last month, Ripple’s CEO Brad Garlinghouse unveiled details about the launch of xRapid, payments solution that uses XRP tokens to source liquidity and facilitate instant cross-border payments at low costs. Ripple also stated that three financial payments providers pledged their support to xRapid. These companies included MercuryFX, Cuallix and Catalyst Corporate Federal Credit Union. Recently, Ethereum World News reported that Ripple added Viamericas, an international money transmitter, to its list of customers utilizing xRapid.