Mr. Mercury FX based in the UK based cross-border remittance revealed on the 5th that it was the first successful commercial settlement using Ripple’s international remittance system “xRapid”.
According to what MercuryFX tweeted, the company said xRapid was used to make the commercial settlement to the Philippines successful.
2/3 The payment was made for an individual client to pay for his honeymoon at the @ edgewaterdive Spa Resort in the Philippines. Pic.twitter.com/hfKtNgLMTf
– Mercury-fx Ltd (@mercury_fx_ltd) March 5, 2019
The settlement made this time is for couple visiting to Firpin on a honeymoon and was paid to a spa resort hotel called Edge Water Dive and Spa in the country.
In addition to this successful settlement, the company also announced that it began handling remittances to corporations and individuals in the Philippines and Mexico.
MercuryFX has subscribed to RippleNet last January and has completed xRapid introduction in October. As reported in the Crypto Times, the company has completed remittance of 500,000 yen to Mexico by using xRapid this January.
MercuryFX, Implementing Ripple (Ripple) remittance using xRapid – CRYPTO TIMES
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Author: kaz 【Coin Desk News】 – Source Post: https://crypto-times.jp/mercuryfx-to-succeed-first-commercial-transaction-using-xrapid/
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