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Tracking Cuallix

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1 hour ago, Skippy said:

So according to this guy, Cuallix isn't even live yet. Is this new info?

Oh, this is getting better by the minute. 
I wonder, what else will we learn by the year end?..

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12 minutes ago, Graine said:

Oh, this is getting better by the minute. 
I wonder, what else will we learn by the year end?..

As @zerpdigger already stated (oct 10): 

Quote

ripple have been very sneaky and kept quiet that this is a PILOT and not real-world usage

So maybe there’s the answer.

Edited by Ripple-Stiltskin

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3 hours ago, Bagheera said:

The slide is showing the xCurrent logo not the xRapid logo...

It's just a slide. They sure talked about xRapid as this was an XRP meetup.

Edited by Skippy

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1 hour ago, cmbartley said:

Seriously guys. The public announcement was about Cuallix using xRapid. Don't freak about one tweet. The rollout will take time.  

Nonono, nobody's freaking out. I just thought Cuallix was already using xRapid. As this thread, for example, is focused on finding the transactions.

Quote

First Financial Institution Uses XRP to Solve the Liquidity Problem

In a precedent-setting moment, Cuallix became the first worldwide institution to use xRapid —  Ripple’s solution that utilizes XRP as a liquidity tool — to reduce the cost of sending cross-border payments from the U.S. to Mexico.

Cuallix moved to the forefront of digital payments by using digital assets to remove the inefficiencies and red tape associated with processing and sourcing liquidity.

from: https://ripple.com/insights/ripplenet-grows-to-over-100-financial-institutions/

If nothing, this just makes me happier, since there actually might be something to FIND as soon as they go live.

Edited by Skippy

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What, Cuallix are not using XRP yet in production..? So basically they were reported as the first institution essentially being 3-4 months away from using XRP, so how far other FIs are?

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From 14 minutes on in this video, Miguel starts talking about Cuallix.

https://www.youtube.com/watch?v=mqGINJr80bg

Average payment time went from 2 days to 90 seconds.  Average cost went from 3% to 0.40%.  Cuallix has been pleased with the results and have asked Ripple how quickly they can move to production.

Edited by Sebastian

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