Connect with us


Ripple’s xRapid is the future, says Alastair Constance




Ripple's xRapid is the future, says Alastair Constance
Source: Pixabay

Ripple’s partners have been satisfied with the unique remittance solution offerings via xRapid [with XRP at its core] and xCurrent provided by the platform facilitating mainstream adoption. Different industries have dipped their toes into the crypto space for its payment facilities for a large volume of transactions.

Ripple has announced that RippleNet, in a matter of three years, has signed over 200 clients including many leading commercial banks in India, Korea, Japan, and around 9 Middle Eastern banks. Besides, Ripple has also managed to expand its foothold to major remittance corridors with the latest being the US to Mexico and the Philippines.

Eva Kaili, European Parliament, Chair Future of Science & Technology citing the edge that blockchain has in terms of cross-border money flow as opposed to the traditional financial institutions, stated:

“By its nature, doesn’t recognize borders. It’s unstoppable. We [want] to use it to connect Europe, remove barriers and give people the understanding that it can be used for good.”

The recent London Ripple Regional Conference witnessed the participation of many prominent figures from the industry.

Alastair Constance, the CEO of Mercury FX has remarked that xRapid is the future. An xRapid user platform, Mercury FX has successfully executed a transaction involving a huge amount of capital of around $4,552k from the UK to Mexico early in January this year. This is a significant example of the mainstream deployment of crypto.

Speaking with Ripple SVP Customer Success, Constance stated:

“Ripple provides the opportunity for us to say we have opened up this market and we can come here and trade freely at the optimized speeds and costs.”

Navin Gupta, managing director for Ripple, South Asia, and MENA predicted 2019 to be conducive for crypto regulations for Asian countries steering towards leveraging digital assets. For scalability purposes, Ripple in its 2.0 version will focus on expanding its multi-hub model and stretching its services to the financial establishments in small frontier markets.

Talking about the unique offering by Ripple, Gupta said,

“It saves international banks from having a direct banking relationships with a multitude of countries in frontier markets.”

Graham Bright, Head of Compliance and Operations stated that Euro Exim bank, which has recently implemented xRapid, chose Ripple as it competently executed transparent and pre-validated payment processing in real time.

A twitter user @Charles02411212 commented:

“Euro exim bank- a literal who – with no onshore banking license anywhere in the world- and people get excited about this?”

Tomas Snitka, Head of Operations of the digital remittance solution provider, TransferGo which announced its collaboration with Ripple on September last year, has reportedly applauded Ripple.

Ripple on its official Twitter handle posted:

Source | Twitter

Source | Twitter



Subscribe to AMBCrypto’s Newsletter


John McAfee says he will reveal Nakamoto’s identity, Coinbase expands to 11 countries, and more





John McAfee says he will reveal Nakamoto's identity, Coinbase expands to 11 countries, and more
Source: Unsplash

Daily Crypto News – April 18

1. John McAfee on Satoshi Nakamoto: The Founder of McAfee Associates stated that he would narrow down on the identity of Satoshi Nakamoto until he reveals Satoshi himself, otherwise he would reveal his identity to the crypto community. He also spoke about how he knows about Satoshi, to read about it, click here!

2. Coinbase expands its services to more countries: The leading exchange platform announced that it expanding its services to 11 more countries, which includes India, South Korea, and New Zealand. People in these countries can avail services provided on, Coinbase Pro and its app on iOS and Android.

To know more about the countries Coinbase has expanded to, click here!

3. Craig Wright says the crypto-community want to silence him: Craig Wright, the self-proclaimed Satoshi Nakamoto, stated that the majority of the community was against him as they “desire to silence” him because they see someone who would bring an end to scams and pumps and dumps.

He also spoke about the next steps he would be taking in terms of the legal action concerning his defamation case. To read about it, click here!

4. Binance “marks the birth of a new genesis block”: The largest cryptocurrency exchange in terms of trade volume announced the launch of its Decentralized Exchange, and also stated that the mainnet swap would take place on 23 April 2019.

To read more about Binance DEX, click here!

Subscribe to AMBCrypto’s Newsletter

Continue Reading