BREAKING: Global Payment Giant Using Ripple’s xRapid and XRP in Latin America, With Asia-Pacific to Follow

[Asen4XRP]

Quote

We’re learning more about the partnership between Ripple and Cambridge Global Payments, which is testing xRapid for cross-border payments.

Cambridge Global processes more than $20 billion in B2B international payments each year, and a document has surfaced revealing exactly where the company is using Ripple’s technology.

The Nilson Report, a publication covering payment systems around the world, published an article on the partnership in March, which says Cambridge Global “will first use Ripple XRP in Mexico. Other countries in Latin America as well as in Asia-Pacific will follow.”

 

https://dailyhodl.com/2018/07/18/global-payment-giant-using-ripples-xrapid-and-xrp-in-latin-america-with-asia-pacific-to-follow/

Edited July 18, 2018 by Asen4XRP

[mm34505]

isnt Cambridge Global Payments old news?

[elias]

Shouldn't this be "will use", not "using"?

 

[elias]

or "plans to consider testing soon"

[VanGogh]

Sounds legitimate. Wonderful news. (bold my emphasis)

“Cambridge will test expansion of its blockchain-based processing to include the use of XRP, Ripple’s digital asset (cryptocurrency). XRP and the XRP Ledger software it works with are both part of xRapid, Ripple’s on-demand liquidity service. 

Currently, a company like Cambridge needs to keep funds in bank accounts in many countries in which it does business to make financial settlement. In any country in which Ripple can provide immediate conversion of XRP to fiat currency and submit that credit into the local automated clearing house network (ACH), Ripple clients do not need to keep their own funds in a local bank…  (this is xRapid . . . my comment)

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Ripple has been steadily growing its partnerships with financial institutions and money transfer companies. They realize Ripple’s blockchain can protect some of their legacy businesses while also using the technology to establish new business involving instant data exchange accompanied by a financial value exchange. 

Ripple will expand its blockchain for cross-border B2B payments to any country that can provide instant ACH settlement after near-real-time conversions of its XRP digital currency to the local fiat currency.”

The report is based on interviews with Cambridge chief operating officer Mark Frey and Ripple Labs director of business development Danny Aranda.

Edited July 18, 2018 by VanGogh

[VanGogh]

31 minutes ago, Asen4XRP said:

 

https://dailyhodl.com/2018/07/18/global-payment-giant-using-ripples-xrapid-and-xrp-in-latin-america-with-asia-pacific-to-follow/

You should add this to Press. Didn't want to steal your thunder. Great find!

[liquid153]

Well this great news might of caused the nice dip we are having  

[VanGogh]

1 minute ago, liquid153 said:

Well this great news might of caused the nice dip we are having  

Nope, it was just the morons in the US Congressional panel.

[liquid153]

1 minute ago, VanGogh said:

Nope, it was just the morons in the US Congressional panel.

What did they say, or link to any info on it please

[VanGogh]

1 minute ago, liquid153 said:

What did they say, or link to any info on it please

 

[GiddyUp]

1 minute ago, VanGogh said:

3 minutes ago, liquid153 said:

Well this great news might of caused the nice dip we are having  

Nope, it was just the morons in the US Congressional panel.

Any excuse for profit-taking by traders - at some point the crypto market will turn up again and they will be left holding their...

...empty bags 

[Picard]

Here is the news about the senate hearing

 

[Men_of_coin]

Old news 

[Kpuff]

Fantastic even though it's not super recent. 20 billion a year isn't much considering everything but xrp does need to start small to build liquidity so I think it's great and we'll build more as x rapid grows

[mistatee2000]

This latest article clearly refers to the earlier March report

Quote

The Nilson Report, a publication covering payment systems around the world, published an article on the partnership in March, which says Cambridge Global “will first use Ripple XRP in Mexico. Other countries in Latin America as well as in Asia-Pacific will follow.”