Ripple (XRP) Could Surge After Teaming Up With Massive Firms And Implementing xRapid & xVia
Ripple’s future seems to be a more than promising one, especially if we consider the increasing number of partnerships that it has been closing lately. Despite the fact that Ripple’s prices didn’t surge massively by the end of Q1 2018, analysts believe that the crypto will be embracing a turning point sooner than expected. A lot of exciting events have happened for the cryptocurrency which anticipates a great future ahead of it.
Koinex launched Ripple (XRP) based trading
Koinex which is a significant Indian cryptocurrency exchange launched Ripple (XRP) based trading. The exchange allows the trading of 15 tokens pairs on mobile and web.
@Ripple (XRP) has always been a crypto-crowd favourite because of its high liquidity and ease to transact. For the first time in the crypto world, Koinex proudly presents XRP-based trading market with 8 XRP pairs going live tonight. #XRPTheStandard#WhatsNextOnKoinex #Ripple
— Koinex (@koinexindia) April 28, 2018
Besides Ripple Koinex also offers 9 Bitcoin Cash (BCH) based pairs and 6 Ethereum (ETH) pairs.
MercuryFX Lts praised xRapid
xRapid is Ripple’s liquidity solution that allows financial institutions and payments providers to minimize liquidity costs and to enhance the customer experience for cross-border payments.
MercuryFX Ltd tweeted that “In Q1, along with other xRapid pilot customers, we have proved that #xRapid can lower liquidity costs & increase payment speed and transparency using #XRP. We are looking forward to continued successful testing and going into production.”
The first customers to enjoy xRapid include Western Union, MercuryFX, Cambridge Global Payments, IDT, and MoneyGram. Ripple’s liquidity solution is more than handy as the liquidity transaction’s price goes up because the payment systems usually need a local currency account that is pre-funded.
The fact that xRapid managed to become such an appreciated solution by so many massive names is fantastic news for Ripple and only the beginning of its massive success.
FinTech giants are currently testing Ripple xVia
Ripple revealed its brand new xVia customers: FairFX, Exchange4Free, RationalFX, UniPAY, and MoneyMatch.
“xVia allows for financial institutions and businesses to easily send payments to and from emerging markets by leveraging the benefits of RippleNet — Ripple’s decentralized global payments network,” Ripple’s website stated.
xVia is all about a traditional API solution that allows faster and more efficient payments. Ripple’s target is to offer a fluid flow of money that will help with enhanced opportunities for emerging markets and more.
Ripple’s latest developments and integration of all these tools definitely boost the cryptocurrency among the most promising ones of today’s market.
Eduard Watson Author
An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.