According to Ripple’s SVP Asheesh Birla, Ripple is working on the expansion of xRP’s cross-border payment product xRapid, and plans to make a significant expansion in the future.
He talks about the company’s strategy for the future of XRP and xRapid in Youtube, and in the video:
On-demand liquidity is currently available in Mexico and the Philippines. So far, the positive responses from customers in these two countries have been overwhelming. However, we are working on the next set of destinations, which will hopefully be able to be presented in a short span.
The biggest hurdle for the new xRapid implementation was to make sure that it complied with the regulations of both countries, but by using xRapid, accept and accept cash from financial institutions You can freely partner with a cryptocurrency exchange that can convert cash into XRP and send it overseas.
Currently, Ripple is promoting xRapid payments between the two countries in partnership with Bitso, a Mexico-based cryptographic exchange company, and Coins.ph, based in the Philippines.
And, the world’s currency provider, Mercury FX, is pushing for the actual use of xRapid for payments. The other day, the company said it is considering opening up to 10 new payment channels by the middle of this year.
Article Source: Youtube
Author: Crypto Times Editorial Department – Source Post: https://crypto-times.jp/ripple-xrapid-expand/
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