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Tehol_Beddict

xRapid Brings on Three New Exchange Partners

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8 minutes ago, Tehol_Beddict said:

https://ripple.com/insights/xrapid-brings-on-three-new-exchange-partners/

"Today, we’re pleased to announce Bittrex will act as the preferred digital asset exchange for xRapid transactions that move through US Dollars. In addition, Bitso and Coins.ph will be preferred for Mexican Pesos and Philippine Pesos, respectively."

 

"Here’s what a xRapid payment flow will look like from the U.S. to Mexico:

1. A financial institution, that has an account with Bittrex, initiates a payment in US dollars via xRapid which is instantly converted into XRP on Bittrex.

2. The payment amount in XRP is settled over the XRP Ledger.

3. Bitso – through its Mexican Peso liquidity pool – instantly converts the XRP into fiat, which is then settled into a destination bank account."

 

"“We’ve seen several successful xRapid pilots already, and as we move the product from beta to production later this year, these exchange partners will allow us to provide financial institutions with the comfort and assurance that their payments will move seamlessly between different currencies.”

*squints* You're addicted to these "likes" aren't you?

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...and of course, Coindesk with the most lackluster headline and article possible for this announcement:

Ripple Endorses 'Preferred' Crypto Exchanges for XRP Payments

https://www.coindesk.com/ripple-endorses-preferred-crypto-exchanges-for-xrp-payments/

Edited by Tehol_Beddict

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24 minutes ago, XRPwinning said:

Was just looking for that guy... cannot find!

Maybe cause Ripple has been so quite nobody checks insights anymore. But this news is pretty freaking massive... especially the part about Cory Johnson saying this

“We’ve seen several successful xRapid pilots already, and as we move the product from beta to production later this yearthese exchange partners will allow us to provide financial institutions with the comfort and assurance that their payments will move seamlessly between different currencies.”

When later?!

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2 minutes ago, King34Maine said:

Where is SBI-VC at on this list!!! I would've expected them to be on-board with xRapid b4 any other exchange.

Probably cause they were and always have been partnered. These are fresh relationships perhaps?

Like bitstamp for example. Arthur Britto is on the board of bitstamp which is obviously already a partner

Edited by XRPwinning

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