The Ripple company has announced via its website that 13 new financial institutions have joined RippleNet thus propelling the number of total global customers to over 200. RippleNet currently operates in 40 countries across 6 continents. The new financial institutions are as follows.
Out of the 13 aforementioned financial institutions, 5 are confirmed as using XRP to source instant liquidity for their cross border payments. The are JNFX, SendFriend, Transpaygo, FTCS and Euro Exim Bank. The use of XRP allows them to make faster, lower cost payments than when using traditional corresponding banking systems. This directly means that they are using Ripple’s xRapid payment solution.