International money transmitter Viamericas becomes yet another xRapid adopter, while e-payment company MoneyNetInt joins Ripple’s Global Payment Network RippleNet.
Ripple’s xRapid payments solutions uses XRP tokens to source liquidity and facilitate instant cross-border payments at low costs.
With several positive news about Ripple this week, the cryptocurrency has gained over 88% over the last one week.
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.
Ripple Labs has managed to coordinate all lawsuits claiming “XRP is a Security” for a single response as they are all a material part of the same subject matter.
The fresh news has seriously surprised the community: Ripple is considering integration of xVia, xCurrent and xRapid into one solution named Convergence.
The three exchanges will be using the Ripple’s xRapid solution for the easy transfer of money between the Mexican pesos, the U.S. Dollars, and the Phillippines pesos.
XRP is heading down for two days in a row, trading at $0.4812 on Thursday July 19
A leading Indian private sector bank Kotak Mahindra Bank will cooperate with Ripple to provide its customers with instant international remittance.