Ripple reported the results of its xRapid pilot tests. Thanks to using XRP, cross-border transactions can become cheaper and faster.
The xVia API solution will help to reduce the operational costs and high-failure rates while increasing the remittance speed at the same time.
Ripple has collaborated with two banks and three fast-growing remittance providers who are willing to adopt the blockchain technology for instant payments at reduced costs.
Ripple’s ability to provide on-demand liquidity and instant transfer within seconds makes it one of the most preferred blockchain-based payments solution.