Ripple's cryptocurrency product goes live for the first time with three financial firms
Ripple said xRapid, which uses cryptocurrency XRP to carry out international transactions, is now commercially available. The development marks the first time XRP will be used in commercial application by financial services firms. Chief Executive Brad Garlinghouse was set to announce the news at Ripple's annual Swell conference.
Ripple said xRapid, which uses cryptocurrency XRP to carry out international transactions, is now commercially available. The development marks the first time XRP will be used in commercial application by financial services firms. Chief Executive Brad Garlinghouse was set to announce the news at Ripple's annual Swell conference.
“We’ve been talking about how Ripple intends to do that and now we have more and more proof in the pudding,” Garlinghouse added. “It’s a big deal for Ripple, it’s a big deal for the XRP community, and it’s big deal for crypto.”
Ripple CEO BGarlinghouse: "Silicon Valley loves to talk about disruption … at the end of the day sometimes disruption is exactly what you don't need." For Ripple, "It wasn't about replacing banks … there's an opportunity to be a builder and partner with the industry."
Short of Bakkt, this is as big as it get... in my opinion..
Take care my brothers & sisters of the Crypto Universe p.s. Please consider giving me a thumbs up if you want to share some love :-D
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