Compared to its peers, Bitcoin and Ethereum, Ripple has the wealthiest community in terms of project support. There is no doubt that throughout this year, Ripple has shown that it can bring the biggest names to its list of followers.
The fresh news has seriously surprised the community: Ripple is considering integration of xVia, xCurrent and xRapid into one solution named Convergence.
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.