The XRP ledger and the cryptocurrency that accompanies it take important steps to be integrated into the valuable Internet ecosystem under development. The acceptance is also motivated by the XRP enthusiasts, as well as by the new cross-border moves of Ripple with xRapid powered by the XRP.
Recently, Omni, a rental company based in the San Francisco Bay area and in Portland, announced that it would use the XRP as a means of paying its revenues. Users can choose to be paid in USD or XRP.
It should be noted that the startup, along with other investors, raised about $ 25 million in Ripple Labs capital. You are also affiliated with the company under the Xpring initiative. The Omni service is also the first time that XRP users can receive the coin from outside on a barter platform.
Ripple is also piloting its xRapid product, a cross-border payment initiative designed to reduce costs and increase settlement speed. This was announced at the Ripple Swell conference, with three partners. They were Cuallix, IDT and MercuryFX.
The financial director of Cuallix, Nicolas Palacios, said in a statement:
“With Ripple, we can increase liquidity via XRP and make cross-border payments in seconds.”
FinTech has now won another client for xRapid. This is Viamericas, a cross-border payment service that can use Ripple to reduce fees up to 70%. Paul Dwyer, co-founder and CEO of Viamericas, said:
“We believe that digital resources such as XRP will play a key role in the future of cross-border payments and help address some of the structural inefficiencies of legacy settlement infrastructure”
Ripple said in a booklet created to market xRapid:
“Global payment providers such as Viamericas, Cuallix, IDT, MercuryFX and others are using xRapid to dramatically reduce cash costs and send payments in real time – an industry first.”
The XRP space sees important building blocks that will be created for the future space infrastructure. In addition, Ripple also appears to migrate its xRapid driver to the product, to a positive sign of the XRP token.
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