Ripple released a report announcing the progress of its pilot tests for the Ripple xRapid product. The pilot tests show that xRapid is successfully achieving cheaper and faster cross-border transactions.
The complaint has always been that sending money around the world is slow and comes with large fees. xRapid is meant to solve this. Ripple’s report stated that “xRapid leverages the technology behind the digital asset XRP, to make cross-border payments truly instant.”
The Ripple xRapid Results“Aggregated results from several pilots for xRapid are now available,” Ripple stated.
The report cited ...
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