Ripple is slowly making a mark in Europe as Euro Exim Bank has announced that it is going to use Ripple products xCurrent and xRapid for cross-border remittances. Here, it is important to mention that Euro Exim bank is a London based bank which is offering extensive support to import and export companies. Ripple’s official sources say that Euro Exim bank is tapping Ripple’s products along with payment startups like JNFX, SendFriend, Transpaygo, and FTCS are also going to use RippleNet for cross border transactions. Earlier, Kuwait’s Ahli Bank, BFC Bahrain, ConnectPay, GMT, WorldCom Finance, Olympia Trust Company, USEND, and Rendimento have also signed into RippleNet.
Here, it is pertinent to mention that global transactions are completed within 0.3 seconds in Ripple’s platform. Now, the number of customers signing into Ripple’s network has crossed 200. Brad Garlinghouse has told the customers that the company is signing 2-3 new customers every week. The main reason behind these contracts is that there was 350% increase in the number of people using online payment systems. Ripple aims to ease the global customers by providing them cost efficient and fast remittance system.
Talking about this contract Kaushik Punjani, the director of Euro Exim Bank says that our customers, both small as well as large, were deprived of using fast and cost efficient money transfer platforms. He further clarifies that testing of both xCurrent and xRapid has already been done along with allies.
Similarly CEO and co-founder of SendFriend, David Lighton, have also expressed his joy at signing in the Ripple’s platform. He says that cheap and speedy cross border payments are the chief benefits of xRapid. Speaking to the Coindesk, he says that using Ripple’s assets enables us to settle transactions in real time with lower costs and lower capital requirements. Here, it is also pertinent to mention that xRapid uses the XRP cryptocurrency.
IOTA Price Prediction 2021-2025 | Can IOTA reach $5?
When is the Best Time to Sell my Gold?
Lloyds Australia’s Auction Marketplace Will Now Accept Bitcoin as Payment
Ripple Gains Access to SEC’s Internal Policy Documents as Court Rules in Favour of the Firm
Haru Invest Review
Recent Press Release
The Connection Between Cryptocurrency and Online Gambling
The tech innovations have brought revolutionary changes in every business and our society. Users can get access to various things...
An Apprentices Escort To Cryptocurrency Mining
Cryptocurrency is one of the most profitable and valuable market assets at a glance. Cryptocurrency is majorly availed by the...
A Complete Breakdown Of Crypto wallet For Android Devices!
Cryptocurrencies are subjected to an enormous amount of political freedom alongside anonymity. Every investor and participant in the crypto industry...
Ethereum’s Big Move
Table of Contents Ethereum shoots for the moonBitcoin’s on a rollercoasterRipple versus the SECRiding the crypto wave Whether you invest...
When to invest in forex trading
Investing in foreign currency has always provided unlimited opportunities for both traders and investors. While it’s beneficial to trade and...