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Ripple Upgrades American Express and Santander, Offering New Access to XRP-Powered xRapid


JonesZero0115

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"Back in June, Ripple CEO Brad Garlinghouse said he expects “dozens” of banks will implement xRapid by the end of 2019.

“I think as we do things that enhance the utility of XRP, we’ll continue to see that ecosystem grow and be healthier and healthier. I’ve publicly stated by the end of this year I have every confidence that major banks will use xRapid as a liquidity tool by the end of this year. By the end of next year, I would certainly hope that we would see an order of magnitude – dozens.”

Also in June, Western Union announced that its pilot of xRapid did not save the company time or money. In response, Ripple said the results show smaller financial institutions and startups are more likely to initially see significant savings with the technology."

 

Any opinions fellow HODL's

 

Artikel: https://dailyhodl.com/2018/11/27/ripple-upgrades-american-express-and-santander-offering-new-access-to-xrp-powered-xrapid/

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1 hour ago, CryptoMac1 said:

SO is western union going to implement XRapid? 

Western U will have to after competition takes away their massive profit margin.

This will happen when the people who send money back home, where ever that is sees a large cost difference. The company (like Money Gram) that goes Xrapid first is going to own the industry. And this is also the time when WU will know they Fudged up.

WU used to do something magical. It is no longer magical.

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1 hour ago, CryptoMac1 said:

SO is western union going to implement XRapid? 

 

2 minutes ago, seasonal said:

Western U will have to after competition takes away their massive profit margin.

This will happen when the people who send money back home, where ever that is sees a large cost difference. The company (like Money Gram) that goes Xrapid first is going to own the industry. And this is also the time when WU will know they Fudged up.

WU used to do something magical. It is no longer magical.

^ This.

 

It doesn't matter if WU never uses xRapid/XRP. MoneyGram and other similar companies will start taking significant portions of their market share due to transactions that take a fraction of the time, at a fraction of the price.

Every little bit counts, and those sending money back to their family will always choose the fastest, cheapest, and (ideally) most transparent option.

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1 hour ago, CryptoMac1 said:

SO is western union going to implement XRapid? 

They will have to:

1. xrapid

2. competitor to xrapid (when they catch up)

3. Come up with something on their own, maybe it will work

4. slowly (or not so slowly) go out of business

 

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The big players are like oil tankers.  They cannot turn their business models on a sixpence.

New player coming into the market, and small banks on the periphery, can start the ball rolling by getting in first and exploiting the most lucrative niches.  Once these companies gain traction they will be able to expand their focus rapidly and threaten the established players.

It is fantastic, and a bit surprising, that big players like Santander, SBI and Bank of America are already so enthusiastic and promoting themselves as trailblazers for Ripple technology.

It is fantastic that intermediary companies like Temenos will be providing an easy route for thousands of banks to adopt using Ripple software and XRP.

I think Ripple are doing a fantastic job.  Western Union management come across as complacent.  They should be turning their ship in anticipation of what will hit them after Ripplenet get going.

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Santander at it again: Recap: Ripple and Santander connect to Apple Pay and use Touch ID

“One of our customers was in Italy on holiday and parked in the wrong place. He needed to pay a fine and didn’t have his banking card. He was able to use the app to immediately pay the fine, and stop his car from being towed away. It’s four or five clicks to do something that would have taken an awful, awful long time in the past.”

Source: http://globalcoinreport.com/ripple-santander-apple-pay-touch-id/

 

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