Bitcoin and XRP are not the only currencies whose price has shown such performance. Other altcoins like Ethereum (ETH), Chainlink (LINK) are on a steady rise as well.
Besides faster and low-cost global transactions, the CEO praises the ease of use of Ripple’s xRapid solution in making cross-border payments.
One of the world’s leading payments providers, Western Union says that it is working on cryptocurrency gateways and other related corridors trialing Ripple techs.
Ripple’s xRapid payments solutions uses XRP tokens to source liquidity and facilitate instant cross-border payments at low costs.
Ripple (XRP), ranked third largest crypto, has skyrocketed, gaining 45% this week. Its 24-hour appreciation makes XPR the best performer out of the world’s 50 largest cryptocurrencies by market capitalization.
xCurrent developed by Ripple will be used by PNC Treasury Management to speed up processing of cross-border transactions.
XRP is reporting double-digit gains. In the last 24 hours, the world’s third-largest cryptocurrency by market capitalization has appreciated by 23 percent, which is probably due to expectation of Ripple’s new xRapid product.
The fresh news has seriously surprised the community: Ripple is considering integration of xVia, xCurrent and xRapid into one solution named Convergence.
Ripple Labs get relief in one of the latest lawsuits from the District Court of California, while the company doubles-down on its expansion plans in Asia and the Middle East.
Ripple has developed a number of solutions that can reduce the costs of international money transfers, but the company has to face some obstacles on the way to the massive adoption of its technology.