Just one – before this month, that's how many financial firms had expressed interest in using Ripple's cryptocurrency, XRP.
Indeed, the blockchain startup has no lack of partners, from American Express to SEB, that use its xCurrent product, which allows financial institutions to send transactions in real-time without the innovative new crypto-asset. But it was only a little-known company (Mexico-based Cuallix) that had signed on to use Ripple's xRapid to leverage XRP for liquidity.
Flash forward to today, however, and the narrative has seen a shift.
In rapid-fire succession, three money transfer firms revealed they are piloting the use of XRP. First was remittance giant MoneyGram, then came Mercury FX (which conducts about $500 million in transaction volume per year) and finally telecom provider IDT.
To many, the news has been a vindication – not just for Ripple, but for the millions of mainstream investors that have embraced XRP as an alternative investment, helping it rise from mere cents early last year to nearly $4 this month.
What do you think of Ripple’s Current Price? Let’s have a healthy conversation. And How does this merit works..!
Big banks and big companies in general, are slow to adopt new technologies...anyone that worked in bank knows how conservatives those people are...
so these banks-ripple events actually happen at speed of light, measured by bankers time units
And you click "merit" link right of "quote" button and give me some merit, then I give you some back
