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Ripple Insights | Ripple Highlights Record Year, xRapid Now Commercially Available

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Here we go.


"RippleNet is now providing on-demand liquidity to financial institutions for cross-border payments using the digital asset XRP. xRapid, the Ripple product powering these transactions, is commercially available and moving into production with multiple customers, including MercuryFX, Cuallix and Catalyst Corporate Federal Credit Union."

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I think we've had a better year," Ripple's senior vice president of product Birla said. "We've had a lot of adoption, our sales team is out there now closing over two deals per week over our suite of products, and so it's just been a better and really a momentous year for Ripple."

Ripple also said its total staff headcount had almost doubled, nearing 300 employees. It did not, however, disclose any financial figures.

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Edit: Catalyst Corporate Federal Credit Union looks massive: "a wholesale cooperative FI that serves more than 1,400 member and client credit unions throughout the United States, will use xRapid on behalf of their members to create a new cross-border payment service.”

Thats 1400 credit unions going through xrapid?!

Edited by titi112
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