In accordance with the most recent press releases, Ripple (XRP) is earning more acceptance in Asia and within the EU as a pile of news talk about 5 financial companies which will deal with Ripple, accepting the use of the crypto’s xVia API to build a well-established and secure environment for cross-border transaction via the RippleNet.
FairFX, RationalFX, Exchange4Free, UniPAY, and MoneyMatch are called as the 5 companies which will sign up for Ripple (XRP) payments platforms.
These companies will test RippleNet and its xVia API during the next days, aiming to provide cheaper and instantaneous cross-border transactions for their clients.
The team behind Ripple (XRP) is continuously developing its payments platform
While Ripple (XRP) is earning more and more acceptance, worldwide, the team behind it makes the financial sector strive for Ripple’s platforms even more, as it is bringing new updates and innovations, day after day.
All of these customers run into the same problem: building bespoke connections to banks and networks all over the world. It’s expensive and time-consuming. xVia enables them to grow their overall market share by reaching new customers in new markets, easier than ever before
Asheesh Birla, Ripple’s Senior VP for the product
The future is bright for Ripple (XRP)
At the moment of this article, XRP is trading at $0.82, recording a slight 0.26% increase in the last 24 hours.
However, besides these 5 companies, which are new to Ripple and its platforms, the Canada-based Zip Remit and the Brazil-based Beetech, also payments processors, announced their plans to adopt Ripple (XRP) xVia API to use the RippleNet for cheaper and faster transactions.
Ripple (XRP) is gaining more and more and dealing with more financial institutions, week after week, which makes us believe the statement made by Brad Garlinghouse, the CEO of Ripple, that Ripple will be the partner of more than 50% of the world’s banks, in the next five years.
Jackson Bey was born and raised in Lethbridge Alberta but moved east when he was 22. Apart from running his own consulting firm. Jackson spends his time canoeing the many lakes of Ontario. As a financial journalist Jackson has published stories for CBC Business Online, as well as Buzz Feed and Motherboard. As a contributor to Billionaire 365, Jackson mostly covers markets and trade.